Las Vegas, NV retail market
The Las Vegas retail investment market is active and bifurcated: stabilized community and neighborhood centers are trading in the $238 to $340 per square foot range, while new-build or NNN single-tenant assets command sharp premiums driven by 1031 exchange demand and low available inventory. Market-wide vacancy held near 4.3% as of mid-2025 and NNN asking rents are approximately $22 per square foot annually, supporting continued investor interest despite a modest dip in taxable retail sales. Sales volume rebounded sharply in 2025, with 39 shopping-center transactions totaling over $408 million compared to just 20 in 2024.
What's driving Retail prices in Las Vegas
Las Vegas retail sale prices trended upward through the 24-month window, with H1 2025 shopping-center sales averaging $340/SF and anchored community centers like Peccole Plaza trading at $238/SF in April 2026, while the overall sales volume surge from 20 deals in 2024 to 39 deals in 2025 signals strengthening investor demand.
- Severe scarcity of stabilized anchored centers for sale is driving aggressive pricing from 1031 exchange buyers
- Vacancy compression to approximately 4.3% market-wide is pushing asking NNN rents upward toward $1.85/SF/month
- Residential growth pipeline near Summerlin and North Las Vegas (Hylo Park, The Preserve at Badlands) is expanding the retail catchment and underpinning long-term tenant demand
- Slowing taxable retail sales growth (-0.7% annually in Clark County) is creating caution in the value-add and non-essential retail segments
Market intelligence
Tracking this market · 6 comps · 12-month median $1,011/SF · latest deal Apr 2026.
This quarter: 0 comps added to our corpus in Q3 2026. Trend medians use closed-deal dates from our growing comp corpus; automated estimates, not an appraisal.
Where these comps are
MomentumPins are geocoded from each comp's public address, so positions are approximate. Comps quoted at the submarket level aren't pinned. The shaded area is Las Vegas's municipal boundary, coloured to match the momentum read above.
Recent Retail comps in Las Vegas, NV
| Address | Date | Type | Size (SF) | Price / Rate | $/SF |
|---|---|---|---|---|---|
| 8671 W. Charleston Blvd (Peccole Plaza), Las Vegas, NV 89117 news | Apr 2026 | Sale | 161978 | $38,600,000 | $238 |
| 171 N Gibson Rd (Gibson Center), Henderson, NV 89014 news | Dec 2024 | Sale | 10523 | $3,400,000 | $323 |
| Las Vegas Metro Market (H1 2025 Aggregate), Las Vegas, NV news | Jun 2025 | Sale | 663220 | $225,600,000 (19 deals) | $340 |
| Strip center (new construction, 2022), Henderson, NV (submarket) news | Oct 2025 | Sale | 5291 | $5,350,000 | $1,011 |
| Convenience store (NNN), Las Vegas Metro area news | Sep 2025 | Sale | 2585 | $5,000,000 | $1,935 |
| Las Vegas retail (shopping center, ~$400/SF), Las Vegas, NV news | Feb 2026 | Sale | ~$400 | ||
| Median of 6 recent sales · $370/SF | $370 | ||||
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Figures are automated estimates derived from public listings, records, and brokerage announcements for Las Vegas, NV, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.