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Las Vegas Speculative Industrial Development Soars to New Highs

Nearly 10 Million Square Feet of Under Construction Projects Available
Speculative construction availability climbs to more than 10 million square feet in the Las Vegas industrial market.
Speculative construction availability climbs to more than 10 million square feet in the Las Vegas industrial market.
CoStar Analytics
August 22, 2023 | 4:57 P.M.

Speculative construction, or under-construction properties that have yet to lease up fully, spiked to an all-time high in the first half of 2023. Nearly 10 million square feet of industrial space was available in under-construction properties, up from 6.4 million square feet at the beginning of the year.

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