Las Vegas Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from CBRE, Cushman & Wakefield, JLL, Colliers, Avison Young
Quarterly industrial market indicators for Las Vegas, aggregated by CREhunt from CBRE, Cushman & Wakefield, JLL, Colliers, Avison Young. As of Q2 2026, average asking rent was $15.60/SF/yr and vacancy was 9.0%, per CBRE.
Projected current industrial pricing — Las Vegas
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 Cushman & Wakefield data (cap rate 5.5%, asking rent held flat). Assumes ~90% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 CBRE | $15.60/SF/yr | 9.0% | 825K SF | — | CBRE |
| Q2 2026 Cushman & Wakefield | $12.96/SF/yr | 10.1% | — | — | Cushman & Wakefield |
| Q1 2026 JLL | $11.49/SF/yr | 13.7% | 1.6M SF | — | JLL |
| Q1 2026 CBRE | $14.40/SF/yr | — | — | — | CBRE |
| Q1 2026 CBRE | $14.40/SF/yr | 3.2% | 2K SF | — | CBRE |
| Q1 2026 Colliers | — | 9.2% | 378K SF | — | Colliers |
| Q1 2026 Cushman & Wakefield | $12.96/SF/yr | 11.4% | 837K SF | — | Cushman & Wakefield |
| Q4 2025 Cushman & Wakefield | $13.08/SF/yr | 11.3% | 2.0M SF | — | Cushman & Wakefield |
| Q4 2025 Colliers | $12.84/SF/yr | 9.2% | 5.1M SF | — | Colliers |
| Q4 2025 Avison Young | $12.96/SF/yr | 13.3% | 3.8M SF | — | Avison Young |
| Q3 2025 Cushman & Wakefield | $12.96/SF/yr | 11.6% | — | — | Cushman & Wakefield |
| Q3 2019 Cushman & Wakefield | $6.96/SF/yr | 4.5% | 3.1M SF | — | Cushman & Wakefield |
| Q4 2018 Cushman & Wakefield | $7.68/SF/yr | 3.7% | 1.0M SF | — | Cushman & Wakefield |
| Q3 2017 Colliers | — | 8.1% | 4K SF | — | Colliers |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Las Vegas industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Airport | $1.29/SF/mo CBRE · Q2 2026 | CBRE, Q2 2026 |
| Apex | $0.87/SF/mo CBRE · Q2 2026 | CBRE, Q2 2026 |
| Central | $1.09/SF/mo CBRE · Q2 2026 | CBRE, Q2 2026 |
| East Henderson | $1.02/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Henderson | $1.07/SF/mo CBRE · Q2 2026 | CBRE, Q2 2026 |
| MFG | $1.26/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North Las Vegas | $0.90/SF/mo CBRE · Q2 2026 | CBRE, Q2 2026 |
| Northwest | $1.68/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southwest | $1.23/SF/mo CBRE · Q2 2026 | CBRE, Q2 2026 |
| West Henderson | $1.02/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for Las Vegas industrial did not fully agree. On vacancy, the sources span 1.1 points — from 9.0% (CBRE) to 10.1% (Cushman & Wakefield). Asking-rent estimates differ by $2.64/SF/yr — from $12.96/SF/yr to $15.60/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Cushman & Wakefield | 10.1% | $12.96/SF/yr | — |
| CBRE | 9.0% | $15.60/SF/yr | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Las Vegas?
- As of Q2 2026, the average asking rent for industrial space in Las Vegas was $15.60/SF/yr, per CBRE.
- What is the industrial vacancy rate in Las Vegas?
- The industrial vacancy rate in Las Vegas was 9.0% as of Q2 2026 (CBRE).
- Where does CREhunt's Las Vegas market data come from?
- This report aggregates quarterly industrial market data for Las Vegas from CBRE, Cushman & Wakefield, JLL, Colliers, Avison Young.
- How much do brokerage estimates differ for industrial space in Las Vegas?
- For Q2 2026, the brokerage sources CREhunt aggregates for Las Vegas did not fully agree. On vacancy, the sources span 1.1 points — from 9.0% (CBRE) to 10.1% (Cushman & Wakefield). Asking-rent estimates differ by $2.64/SF/yr — from $12.96/SF/yr to $15.60/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.