Las Vegas Retail Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, Colliers
Quarterly retail market indicators for Las Vegas, aggregated by CREhunt from Cushman & Wakefield, Colliers. As of Q2 2026, average asking rent was $26.28/SF/yr and vacancy was 5.3%, per Cushman & Wakefield.
Projected current retail pricing — Las Vegas
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 Cushman & Wakefield data (cap rate 6.1%, asking rent trend-adjusted to today). Assumes ~95% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $26.28/SF/yr | 5.3% | 324K SF | — | Cushman & Wakefield |
| Q4 2025 Colliers | $22.80/SF/yr | 4.3% | 238K SF | — | Colliers |
| Q4 2025 Cushman & Wakefield | $24.72/SF/yr | 6.1% | — | — | Cushman & Wakefield |
| Q4 2024 Cushman & Wakefield | $24.36/SF/yr | 5.2% | 404K SF | — | Cushman & Wakefield |
| Q2 2024 Cushman & Wakefield | $23.52/SF/yr | 5.8% | 80K SF | — | Cushman & Wakefield |
Retail asking rents by submarket
The newest asking rent a named brokerage's report published for each Las Vegas retail submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Central East | $1.50/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Central West | $1.86/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| East | $2.23/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North | $2.03/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northeast | $1.57/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northwest | $2.51/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southeast | $2.66/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southwest | $3.15/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| West | $2.76/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q4 2025, the brokerages CREhunt aggregates for Las Vegas retail did not fully agree. On vacancy, the sources span 1.8 points — from 4.3% (Colliers) to 6.1% (Cushman & Wakefield). Asking-rent estimates differ by $1.92/SF/yr — from $22.80/SF/yr to $24.72/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Cushman & Wakefield | 6.1% | $24.72/SF/yr | 6.1% |
| Colliers | 4.3% | $22.80/SF/yr | 5.4% |
Per-brokerage figures for Q4 2025, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for retail space in Las Vegas?
- As of Q2 2026, the average asking rent for retail space in Las Vegas was $26.28/SF/yr, per Cushman & Wakefield.
- What is the retail vacancy rate in Las Vegas?
- The retail vacancy rate in Las Vegas was 5.3% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Las Vegas market data come from?
- This report aggregates quarterly retail market data for Las Vegas from Cushman & Wakefield, Colliers.
- How much do brokerage estimates differ for retail space in Las Vegas?
- For Q4 2025, the brokerage sources CREhunt aggregates for Las Vegas did not fully agree. On vacancy, the sources span 1.8 points — from 4.3% (Colliers) to 6.1% (Cushman & Wakefield). Asking-rent estimates differ by $1.92/SF/yr — from $22.80/SF/yr to $24.72/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.