The southwest Las Vegas Valley kept retail landlords and developers busy in 2025, even while much of the rest of the retail map was cooling off. New projects and fresh leases clustered along the corridor helped drive some of the lowest vacancy and highest asking rents in the valley, pulling in both local and out-of-state tenants. Brokers and planners say strong population growth and a wave of mixed-use projects continue to funnel retail dollars toward the southwest.
According to Colliers, Southern Nevada’s retail inventory reached about 70.8 million square feet in 2025, with net absorption of roughly 238,234 square feet and an overall vacancy rate near 4.3 percent. The firm’s Q4 2025 retail report also shows the market’s weighted average asking rent ticking up to…..