Las Vegas Industrial Market Report
Fourth Quarter 2025
Inventory
Total industrial inventory in the Las Vegas market area amounted to 198,300,785 square feet, up 8,576,380 square feet from one year ago, reflecting a 4.52% increase. There are currently 5,403,468 square feet under construction, a decrease of 3,334,432 square feet (-38.16%) compared to this time last year.
Sale Activity
In the fourth quarter, 37 industrial transactions closed with a total volume of $213,908,752.
The 37 buildings totaled 1,769,773 square feet, and the average price per square foot equated to $176.32.
Current market Cap Rates are reported to be 5.9%.
Mark of a Market.
One significant transaction that occurred within the Las Vegas industrial market was the sale of 3975 S. Durango Dr. The property sold on December 30, 2025, for $3,793,500. The building totaled 12,558 square feet and sold for $302.07 per square foot. The Buyer was Coffman Road LLC, and the Seller was Lewel LLC.
The information in this post has been sourced by and is credited to ©2025 CoStar Group, Inc.
