Las Vegas Industrial Market Report
First Quarter 2026
Inventory
Total industrial inventory in the Las Vegas market area amounted to 203,379,941 square feet, up 9,384,816 square feet from one year ago, reflecting a 4.84% increase. There are currently 11,660,859 square feet under construction, a decrease of 2,979,741 square feet (-20.35%) compared to this time last year.
Sale Activity
In the first quarter, 48 industrial transactions closed with a total volume of $169,171,629.
The 48 buildings totaled 1,307,946 square feet, and the average price per square foot equated to $179.70.
Current market Cap Rates are reported to be 6.4%.
Mark of a Market.
One significant transaction that occurred within the Las Vegas industrial market was the sale of 3950 Alto Ave. The property sold on January 2, 2026, for $66,450,000. The building totaled 339,257 square feet and sold for $195.87 per square foot. The Buyer was Realty Income U S Core Plus 2 Lp, and the Seller was Clpf Alto Avenue Llc.
The information in this post has been sourced by and is credited to ©2026 CoStar Group, Inc.
