Las Vegas’ industrial market is having a moment. Thanks to a wealth of drivers—from increased population growth to outward migration from California—Las Vegas has seen a dramatic upswing in demand from industrial users and a robust new construction pipeline. Since 2019, more than 10 million square feet of new industrial supply has delivered into the market, but the new demand has kept pace with supply.

The Las Vegas industrial market has added over 10.7 million square feet to its inventory since the start of last year with 6.6 million square feet delivered in 2019 and 4.1 million square feet delivered in 2020 year-to-date,” Alma Cuevas, director at Cushman & Wakefield, tells “And with 6.3 million square feet currently under construction as of November 2020, compared to our 10-year average construction activity of 2.6 million square feet, new development remains strong in Southern Nevada with significant leasing activity on much of the planned and under construction inventory. “

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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