Figures

Las Vegas Retail Figures Q1 2025

April 23, 2025 5 Minute Read

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-   Lease rates remain stable at $2.04 per sq. ft. per month NNN. The Central East submarket showed higher availability and vacancy rates compared to the market average.
-   Sales activity was slower than average with 13 transactions totaling 402,304 sq. ft. sold for $119.6 million, a year-over-year decrease. Notable transactions highlight widespread investment interests in all the submarkets of Las Vegas.
-   National policy changes and trade conflicts could impact Las Vegas’s economic data and consumer sentiment, leaving uncertainty high.
-   Credit markets are more accommodative, but sales volume remains subdued as investors await policy clarity.