Las Vegas Retail Market Report
Second Quarter 2026
Inventory
Total retail inventory in the Las Vegas market area amounted to 122,791,400 square feet, up 194,384 square feet from one year ago, reflecting a 0.16% increase. There are currently 1,662,284 square feet under construction, an increase of 323,199 square feet (+24.14%) compared to this time last year.
Sale Activity
In the second quarter, 111 retail transactions closed with a total volume of $230,910,752.
The 111 buildings totaled 1,323,497 square feet, and the average price per square foot equated to $260.79.
Current market Cap Rates are reported to be 6.0%.
Mark of a Market.
One of the most significant transactions that occurred within the Las Vegas retail market was the sale of 445-505 E. Windmill Ln (Multi-Property Sale). The property was sold on April 22, 2026, for $18,270,000. The building totaled 79,688 square feet and sold for $229.22 per square foot.
The Buyer was Brixton Las Palmas Owner LLC, and the Seller was Las Palmas LLC.
The information in this post has been sourced by and is credited to ©2026 CoStar Group, Inc.
