Las Vegas Retail Market Report
Fourth Quarter 2025
Inventory
Total retail inventory in the Las Vegas market area amounted to 122,767,460 square feet, up 710,617 square feet from one year ago, reflecting a 0.58% increase. There are currently 1,450,543 square feet under construction, an increase of 584,988 square feet (+67.59%) compared to this time last year.
Sale Activity
In the fourth quarter, 72 retail transactions closed with a total volume of $207,389,440.
The 72 buildings totaled 690,709 square feet, and the average price per square foot equated to $391.46.
Current market Cap Rates are reported to be 6.4%.
Mark of a Market.
One of the most significant transactions that occurred within the Las Vegas retail market was the sale of 4701 W Sahara Ave – Desert Dodge. The property sold on November 14, 2025, for $8,000,000. The building totaled 29,960 square feet and sold for $267.02 per square foot.
The Buyer was CCC LLC, and the Seller was Desert Dodge Inc. (AutoNation).
The information in this post has been sourced by and is credited to ©2025 CoStar Group, Inc.
