The Las Vegas commercial market definitely has good momentum, with more than 2.4 million SF of net absorption in the first quarter of 2021.

Las Vegas is at the center of most major markets. It is just a one-day drive away from the west coast and southwest cities, so it continues to attract many businesses set for logistics and distribution. In addition, many manufacturing companies have also been active, increasing the employment rate in the area by 10 percent from 2020.

By the end of the second quarter, the North Las Vegas and Henderson industrial markets had already completed nearly 90 percent of their construction, with new ones set to be completed later this year.

In September, there was a significant increase in lease and sales in the industrial market list, with prices soaring higher than in the previous months of 2021.

Based on CBRE brokers report, the Las Vegas industrial market has been among the fastest-growing markets in the country. And the trend ongoing and the market stable, there’s no stopping it now.