North Las Vegas

Las Vegas - NV USA - Industrial Submarket

Industrial real estate intelligence for the North Las Vegas submarket. 62.1M SF of inventory with 13% vacancy. Data sourced from various MLS platforms.

62.1MSF

Inventory

8.4MSF

Available

13%

Vacancy

13.5%

Availability Rate

$11.25

Asking Rent

0.9%

Rent Growth

1.3MSF

12mo Absorption

10KSF

Under Construction

Market Metrics

12mo Delivered

1.4M SF

Under Constr % of Inv

0.0%%

Sale Price/SF

$191

Cap Rate

5.8%%

12mo Sales Volume

$426,177,178

Sales Vol Growth

10.0%

Asset Value

$11,879,703,831

Net Absorption

+1.3M SF

Recent DC Sales in Market

Property	Price	SF	Buyer
SFO1	$119.3M	26,900	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
4495 Low Latency Ln	-	200,000	-
4495 Low Latency Ln	-	200,000	-
8425 N 114th St	$2.6M	232,663	Google
Santa Clara Data Center/SFO2-B	$55.0M	128,780	CSquare

Available DC Space in Market

Property	Avail SF	Rent	Owner
Four Overlook Point	863,403	$21.87 - 26.73 (Est.)	Woodcrest Capital LLC
Building D	20,678	$10.86 - 13.27 (Est.)	Entrada Partners
The Falchi Building	272,217	$23.00	Savanna Real Estate Fund
McHenry Corporate Center IV	42,811	$6.00 - 12.50	Gold Drop
2149 Queens Chapel Rd NE	15,086	$11.00	Ali Hassani

Data Centre Development Potential

High vacancy (13%) in North Las Vegas may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 10K SF indicates developer confidence in the submarket. Positive net absorption of 1.3M SF over the past 12 months signals healthy demand fundamentals.