Las Vegas Industrial Market Report
Third Quarter 2025
Inventory
Total industrial inventory in the Las Vegas market area amounted to 196,843,980 square feet, up 10,070,585 square feet from one year ago, reflecting a 5.39% increase. There are currently 4,963,701 square feet under construction, a decrease of 4,986,466 square feet (-50.11%) compared to this time last year.
Sale Activity
In the third quarter, 70 industrial transactions closed with a total volume of $231,222,480.
The 70 buildings totaled 1,265,250 square feet, and the average price per square foot equated to $246.76.
Current market Cap Rates average 5.8%.
Mark of a Market.
One of the most significant transactions that occurred within the Las Vegas industrial market was the sale of 3130 N. Lamb Blvd – Cheyenne Industrial Park. The property was sold on September 18, 2025, for $23,500,000. The building totaled 104,440 square feet and sold for $225.01 per square foot.
The Buyer was LC Industries, and the Seller was Rockefeller Group.
The information in this post has been sourced by and is credited to ©2025 CoStar Group, Inc.
