Las Vegas Retail MarketBeat Q4 2025

Las Vegas retail vacancy climbed to 6.1% in Q4 2025 while asking rent increased to $2.06 per square foot, with the market recording $543.5 million in annual sales volume, a 54% year-over-year gain reflecting renewed liquidity and strengthened pricing at $283.57 per square foot. The metro economy added jobs with unemployment falling to 5.6%, median household income reaching $81,300, and Lifestyle Centers posting the strongest annual occupancy gains of 52,250 square feet as tenants gravitated toward amenitized, destination-oriented environments.