Las Vegas Retail Market Report
Third Quarter 2024
Inventory
Total retail inventory in the Las Vegas market area amounted to 123,098,847 square feet, up from 122,726,512 square feet one year ago. There is currently 1,266,449 square feet under construction.
Sale Activity
In the Third quarter, 85 retail transactions closed with a total dollar volume of $173,909,255. The 85 buildings totaled 765,844 square feet and the average price per square foot equated to $531.06.
Mark of a Market
One of the largest transactions that occurred within the Las Vegas market is the sale of 6131 E. Craig Road. This 42,000 square foot sold for $12,706,667 or $302.54 per square foot. The property was sold on 8/8/2024. The buyer was W.P Carey Inc. and the Seller was Barclay Group.
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