• The Las Vegas office market continued to see higher average asking lease rates and lower vacancy in Q4 2019.

  • Developers constructed 144,099 sq. ft. of new speculative office space in 2019.

  • With more than 1 million sq. ft. of office space in the construction pipeline, construction activity will increase over the next 2 years.

  • All nine submarkets experienced positive absorption in Q4 2019 with total net absorption for the market at 256,341 sq. ft.