Las Vegas Retail Commercial Real Estate
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Retail Commercial Real Estate in Las Vegas
One of the most popular tourist destinations in the world, Las Vegas serves as an entertainment hub across music, performance art, nightlife, and conventions. As a global destination, it taking footholds in the famous Las Vegas Strip. And while the vast majority of the economic impact that pours through Vegas is fueled by tourism, recreation, and conventions, the retail, nightlife, and service industries capitalize on these primary economic drivers to great success.also serves as a major retail attraction for discerning clientele from all over the world.
Built on the backbone of tourism, gambling, and military bases, Las Vegas’ image of glamor and high society dates back to the 1950s and ‘60s, when large corporations and businesses began
From the decadence of the Forum at Caesars Palace to the Grand Canal Shoppes and the upscale, yet homegrown boutiques found in Fremont and North Las Vegas, there’s plenty of opportunity for companies to find the right location for their first - or next - retail venture.
Whether you’re seeking space in one of the many shopping complexes on the Strip, the outlets, along the trendy and local-favorite Container Park, or elsewhere in the city, Las Vegas boasts a significant opportunity for retail companies to capitalize on the never-ending influx of tourists that flow through the city throughout the calendar year.
While the Strip along Las Vegas Boulevard is the priciest in the market, it also warrants the highest tourism potential and heaviest foot traffic. However, retail companies catering to residents and off-the-strip interests should look toward Flamingo Heights, Spanish Trail, or Sunrise Manor for more affordable monthly rates and a committed customer base within easy walking or driving distance.
Market Stats
Las Vegas has 4,524 commercial real estate spaces for lease, representing 40,125,155 sqft space.
1218 buildings are available for sale.
In the past 30 days, Las Vegas has had 610 spaces leased and 12 new spaces come on market.