Suburban & Experiential Retail Is on Fire
According to ReBusinessOnline, Las Vegas retail vacancy fell to just 5.3% in Q4 2024, marking one of the lowest rates in years. Meanwhile, Avison Young reports retail vacancy holding at 5.7% in Q1—signifying sustained strength through spring.
The appetite for smaller, neighborhood-driven retail—especially dining, fitness, and convenience—is pushing demand into sunnier suburban corridors and vibrant infill zones.
📌 Local highlight:
Our 1205 S Main St Arts District listing offers ±4,035 SF of retail space, patio potential, and C-M zoning—perfectly positioned for operators catering to the energetic summer foot traffic.
Industrial Demand Remains Robust
Cushman & Wakefield reports Las Vegas industrial vacancy at 11.0% Q1 2025, a modest rise from 10.4% last quarter—yet still reflecting strong long-term demand in the sector.
Renovated warehouse and light-industrial spaces are moving fast, especially when they offer better power, ceiling heights, or plug-and-play capabilities.
📌 Local highlight:
Our 3060 N Nellis Blvd Suite 2 features a roll-up door, HVAC, single-phase power, and private restroom—making it ideal for users seeking clean, functional industrial space with no delay.
Office Market Stabilizing in Key Submarkets
CBRE reports the Las Vegas office market returning to 12.2% vacancy in Q1, with submarkets like Southwest hitting 6.7%—demonstrating pockets of stability amid broader market softness.
New and renovated office spaces in these areas are seeing upticks in demand, even as overall leasing softens.
📌 Local highlight:
At 3227 Meade Ave Suite 5B, tenants find affordable, updated two-story office space—right in the middle of a submarket primed for recovery.
Mixed‑Use & Owner‑User Properties in Demand
While land sales have cooled slightly, the appetite for mixed-use and owner-user assets continues to rise. Properties that allow occupancy and rental income are gaining favor as investors seek both cash flow and control.
📌 Local highlight:
3505 E Flamingo Business Park offers ±6,000 SF of owner-occupied space alongside income-producing tenancy—bringing the best of both worlds in a single asset.
Sustainability & Tech-Asking Tenants Turn Up the Heat
National trends highlight energy and tech-forward tenants prioritizing sustainability. Increases in rent and occupancy are tied to properties equipped with modern systems: efficient HVAC, strong power, and smart infrastructure.
📌 Local highlight:
Flamingo Business Park features six new HVAC units installed in 2024—ready for owners or tenants focused on energy performance and tenant comfort.
🔥 Summer Takeaways for CRE Stakeholders
- Retail landlords: Focus on smaller, high-demand spaces in trending corridors.
- Industrial owners: Update units with technical upgrades for quick occupancy.
- Office landlords: Highlight move-in readiness in submarkets seeing uptake.
- Owner-users & investors: Capitalize on blended assets that combine space and income.
- Sustainability-focused renovators: Prioritize energy-efficient improvements to stay competitive.
Featured Listings to Match Summer Demand
- 1205 S Main St (For Lease) – ±4,035 SF Arts District retail with patio and C-M zoning
- 3227 Meade Ave Suite 5B (For Lease) – Two-story office, newly refreshed
- 3060 N Nellis Blvd Suite 2 (For Lease) – 920 SF light industrial with roll‑up door & HVAC
- 3505 E Flamingo Business Park (For Sale) – ±12,000 SF owner-user plaza with ±6,000 SF available
- Cheyenne & Englestad land parcels (For Sale) – Seven parcels with high-visibility frontage
- 1800 N Boulder Hwy land (For Sale) – ±0.58 AC corner lot ideal for retail/drive-thru redevelopment
Reach out to learn which listings best align with today’s summer market trends.