Las Vegas Industrial Market Report
Third Quarter 2026
Inventory
Total industrial inventory in the Las Vegas market area amounted to 201,909,949 square feet, up 5,065,969 square feet from one year ago, reflecting a 2.57% increase. There are currently 6,207,667 square feet under construction, an increase of 1,243,966 square feet (+25.06%) compared to this time last year.
Sale Activity
In the third quarter, 65 industrial transactions closed with a total volume of $382,461,760.
The 65 buildings totaled 2,218,071 square feet, and the average price per square foot equated to $179.01.
Current market Cap Rates are reported to be 5.9%.
Mark of a Market.
One of the most significant transactions that occurred within the Las Vegas industrial market was the sale of 4141 Distribution Cir. The property was sold on July 17, 2026, for $46,000,000. The building totaled 225,937 square feet and sold for $203.60 per square foot.
The Buyer was API Realty, LLC, and the Seller was USCLP NV Distribution LLC.
The information in this post has been sourced by and is credited to ©2026 CoStar Group, Inc.
