Market Research Commercial Real Estate Agents

Subscribe!

Subscribe now to have our Market Research reports, Press Releases and Available Property Announcements delivered directly to you through your e-mail.

Register | Log-In
Market insight is the essential ingredient in all of the services we offer. We monitor trends and make projections to help you make critical decisions. Our researchers continuously source and analyze data in every major global market, helping you adapt to drivers outside your industry and region that could impact your business. In addition, the Las Vegas office's research department is second to none, providing timely and accurate date on the Las Vegas commercial real estate market.

Recent Market Reports

Las Vegas Quarterly - Commercial Market Research Report
The Long Expansion

2017 Third Quarter | Las Vegas Quarterly | Market Report
The third quarter of 2017 in Southern Nevada saw an economy that was shifting from recovery to expansion mode. Taxable sales and employment continued to increase in a Valley poised for two professional sports franchises, a major expansion of its convention center and three potential new hospitality venues on the "Strip."

To read more, download the full Q3 Las Vegas Quarterly Report.

Expansion Continues

2017 Third Quarter | Las Vegas Industrial | Market Research Report
Southern Nevada put in a solid 1.8 million square feet of net absorption in the third quarter of 2017, bringing year-to-date net absorption up to 5.4 million square feet. Net absorption has outpaced new completions so far in 2017, with inventory increasing by 5.2 million square feet. Vacancy decreased in the third quarter to 4.9 percent, 0.4 points lower than one year ago and one quarter ago. The overall weighted average asking rate increased to $0.68 per square foot (psf) on a triple net (NNN) basis in the third quarter of 2017, a $0.03 increase from one year ago.

To read more, download the full Q3 Industrial Market Report.

Office Market Report
Dawn of a New Era

2017 Third Quarter | Las Vegas Office | Market Research Report
While the surge that office demand experienced in the second quarter of 2017 did not persist into the third quarter, Southern Nevada still managed to show strong positive net absorption and decrease the office vacancy rate to 15.5 percent. This is the first time in nine years that office vacancy has been below 16 percent. Asking rents dropped to $2.01 per square foot (psf) on a Full Service Gross (FSG) basis.

To read more, download the full Q3 Office Market Report.

Retail Market Report
Dragging Anchor(s)

2017 Third Quarter | Las Vegas Retail | Market Research Report
As retail job growth has slowed in 2017 in Southern Nevada, retail occupancy growth has slowed with it. Net absorption was positive for a second straight quarter after a negative dip in the first quarter of 2017, but the addition of newly completed vacant space and the closure of three more anchor retailers increased retail vacancy to 8.3 percent from last quarter’s 8.2 percent. The asking rental rate for retail space in the third quarter of 2017 was $1.34 per square foot (psf) on a triple-net (NNN) basis, lower than one quarter ago, but higher than in the third quarter of 2016.

To read more, download the full Q3 Retail Market Report.

Medical Office Market Report
Better Late than Never

2017 Third Quarter | Las Vegas Medical Office | Market Research Report
Southern Nevada’s medical office market has now posted positive net absorption for six straight quarters, its longest streak of positive net absorption since 2005. It seems safe to say that the medical office market is finally entering a sustained period of recovery, post-recession and post-healthcare debate. Vacancy was 14.9 percent in the third quarter of 2017, the lowest it has been in four years, and asking rental rates were $2.24 per square foot (psf) on a full service gross (FSG) basis, an increase of $0.09 psf from one year ago.

To read more, download the full Q3 Medical Office Market Report.

2017 Q3 Las Vegas Commercial Land Market Research Report
Land Values Rise

2017 Third Quarter | Las Vegas Land | Market Research Report
Southern Nevada’s land market saw 54 sales in the third quarter of 2017. A total of 904 acres were sold with sales volume of $90.7 million and an average price per square foot of $2.30. Sales volume was done on a quarter-over-quarter basis, despite more acres being sold in the third quarter than the second quarter. The jump in acres sold was due to the sale of a large industrial parcel, which was also the cause of the average price per square foot falling from $11.10 in the second quarter of 2017. Compared to one year ago, sales, acres sold and sales volume were all up, and price per square foot was down.

To read more, download the full Q3 Land Market Report.

Las Vegas Hotel Report
The Lazy Summer

2017 Third Quarter | Las Vegas | Hotel & Hospitality Report
The trend of decreasing hospitality sales continued into the third quarter of 2017, though on a quarter-over-quarter basis, there was improvement. Sales of hospitality peaked in 2014 at 7,614 units sold that year, and have headed downward since, with 4,776 units trading in 2016. So far in 2017, 3,637 units of hospitality have sold, meaning that without a large sale to round out the year, 2017 will probably have fewer sales than 2016. Over the past decade, big sales years have occurred in 2010 and 2014. That puts 2018 on schedule for another big year, provided investors can be convinced to play along.

To read more, download the full Q3 Hotel & Hospitality Report.

Las Vegas Multifamily Report
Multifamily Stable and Expanding

2017 Third Quarter | Las Vegas Multifamily | Market Research Report
According to statistics provided by REIS, multifamily vacancy in Southern Nevada decreased by 0.1 point in the second quarter of 2017 (the most recent quarter of available data) to 3.0 percent. Vacancy this quarter was 0.2 points higher than it was one year ago. Class A properties were 3.4 percent vacant in the second quarter, 0.2 points lower than one quarter ago. Class B/C properties were 2.5 percent vacant, 0.1 points lower than one quarter ago.

To read more, download the full Q3 Multifamily Market Report.

Browse all reports

Research Contact


Expertise

We pride ourselves on building and sharing expertise in order to create success for our clients and our people. Our passion for continuously expanding our knowledge base enables us to take a fresh and imaginative approach to everything we do.

Visit now
Las Vegas