A lot can change in one year. At the start of 2024, the industrial vacancy rate in Las Vegas was 3.4%, near an all-time low. By the end of the year, it had spiked to 9.2%, almost a 600 basis point difference. The last time the vacancy rate rose this much was during the Great Recession, which occurred over several years.
Historic vacancy spike cools Las Vegas' industrial rent growth, investment
Rise in Las Vegas industrial vacancy rate resembles Great Recession
CoStar Analytics
January 23, 2025 | 2:50 P.M.
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