Las Vegas Industrial Market Report
First Quarter 2025
Inventory
Total Industrial inventory in the Las Vegas market area amounted to 193,995,125 square feet, up 180,053,507 square feet from one year ago. There are currently 14,640,600 square feet under construction.
Sale Activity
In the first quarter, 65 industrial transactions closed with a total volume of $324,772,930. The 65 buildings totaled 2,747,613 square feet and the average price per square foot equated to $175.41 per square foot. The average Cap Rates were 5.3%.
Tallying all industrial building sales.
Mark of a Market.
One of the most significant transactions that occurred within the Las Vegas market was the sale of 3775 E Sahara Avenue. The property was sold on $4,000,000. The building totaled 50,660 square-feet and sold for $78.96 per square foot. The Buyer was Ypme LLC. The Seller was Colonial Real Estate Partnership LTD.
The information in this post has been sourced by and is credited to ©2025 CoStar Group, Inc.
