Brief
Las Vegas's office market historical leasing trends by transaction size
May 15, 2025 2 Minute Read
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Leasing activity in Las Vegas surged to 766,000 sq. ft. in Q1 2025, with full-year volume projected to exceed 2.9 million sq. ft.
Demand for large office spaces is rising, but with no new construction underway, supply constraints are tightening the market.
Only 24 Class A properties currently offer 10K+ sq. ft., signaling limited options for growing tenants and potential upward pressure on rents.