Third Quarter 2024 Las Vegas Industrial Market Report

October 11, 2024
MARKET REPORTS
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Las Vegas Industrial Market Report

Third Quarter 2024

Inventory
Total Industrial inventory in the Las Vegas market area amounted to 188,300,738 square feet, up from 173,424,331 square feet one year ago. There is currently 8,870,544 square feet under construction.

Sale Activity

In the Third quarter, 45 industrial transactions closed with a total dollar volume of $287,049,943. The 45 buildings totaled 1,377,076 square feet and the average price per square foot equated to $221.67

Mark of a Market.

One of the most significant transactions that occurred within the Las Vegas market was the sale of 22520 S. Las Vegas Blvd. The property was sold on 9/6/2024. The building totaled 176,000 square-feet and sold for $40,000 or $227.27 per square foot. The Buyer was Synergos. The Seller was Berry Global.

 

The information in this post has been sourced by and is credited to ©2024 CoStar Group, Inc.

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