Commercial Real Estate Market in Nevada
Nevada has 1,270 active for-sale listings and 1,472 active for-lease listings. Statewide, the median asking price is $222/SF and the median asking rent is $14.28/SF/Yr as of November 2026. Realmo tracks 10 city markets here; among the 7 with enough listings to rank, median asking prices range from $147/SF in Elko to $327/SF in Reno.
- Median asking price
- $222/SF
- Median asking rent
- $14.28/SF/Yr
- For-sale listings
- 1,270
- For-lease listings
- 1,472
- City markets
- 10
Highest- and Lowest-Priced Markets
Asking prices vary across Nevada: the median in Reno is $327/SF, 2.2x the $147/SF median in Elko. The figures below are median asking prices from live listings, not closed sales.
Asking Prices
The highest median asking prices are in Reno at $327/SF, Sparks at $269/SF and Carson City at $266/SF. The lowest median asking prices are in Elko at $147/SF, Fernley at $194/SF and Las Vegas at $203/SF. 4 of 7 ranked markets have median asking prices above the statewide $222/SF.
Nevada vs. Neighboring States
The median asking price in Nevada is $222/SF, below the $230/SF median of its 5 neighboring states. By median asking price, the state ranks 5th of 6 in the group; California is highest at $344/SF and Idaho lowest at $206/SF. The median asking rent is $14.28/SF/Yr, compared with $23.10/SF/Yr in California, $19.95/SF/Yr in Arizona and $22.00/SF/Yr in Oregon next door. The statewide median asking price is above the U.S. median of $178/SF.
| State | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr | For-Sale Listings | For-Lease Listings |
|---|---|---|---|---|
| Nevada | $222 | $14.28 | 1,270 | 1,472 |
| Arizona | $230 | $19.95 | 4,286 | 4,510 |
| California | $344 | $23.10 | 21,788 | 22,452 |
| Idaho | $206 | $20.00 | 2,074 | 831 |
| Oregon | $228 | $22.00 | 3,640 | 2,410 |
| Utah | $250 | $21.22 | 1,918 | 1,905 |
| United States | $178 | $18.28 | 265,785 | 185,367 |
A dash means fewer than 10 listings with a usable price.
Commercial Real Estate Markets in Nevada
Realmo tracks 10 city markets in Nevada, listed below by active listings. Las Vegas leads with 1,259 active listings, followed by Reno and Henderson.
| City | Active Listings | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|---|
| Las Vegas | 1,259 | $203 | — |
| Reno | 336 | $327 | $12.00 |
| Henderson | 225 | $247 | — |
| Carson City | 181 | $266 | $13.50 |
| Sparks | 139 | $269 | — |
| Elko | 50 | $147 | — |
| Fernley | 29 | $194 | — |
| Incline Village | 28 | — | — |
| Minden | 27 | — | — |
| Mound House | 21 | — | — |
Same method as the statewide figures. A dash means fewer than 10 listings with a usable price.
Frequently Asked Questions
What is the median price per square foot for commercial property in Nevada?
How much does it cost to lease commercial space in Nevada?
Which cities have the highest and lowest commercial property prices?
How do commercial property prices in Nevada compare with neighboring states?
Which markets in Nevada have the most active listings?
Where does Realmo's market data come from?
Methodology and Data Sources
- Listing coverage
- Asking figures come from 1,270 active for-sale and 1,472 active for-lease listings across Nevada in Realmo's public listing index. They are asking prices, not closed-transaction prices. Sale and lease counts are separate and may overlap. Land listings are not counted. The medians are based on the 585 for-sale and 70 for-lease listings that state a price or rent per square foot.
- Asking prices and rents
- Prices are medians of each listing's asking price per square foot, so a few very high or very low listings do not skew them. Data-entry errors are left out, and a median is published only with at least 10 listings with a usable price. A listing with a price range can contribute both endpoints.
- Neighboring states
- Neighboring-state comparisons use the same method and the same snapshot for every state, plus the United States as a reference.
- City markets
- The city list includes cities with more than 3 active listings whose market page has enough data to publish, ordered by active listings, up to 40. The price ranking covers cities with at least 10 priced listings for each metric and leaves out a city more than three times above or below the statewide median. City counts and prices use the same method as the statewide figures, so the table compares like with like; a city's own market page uses its own method, so its figures can differ.
- Updates
- Statewide and neighboring-state figures refresh hourly and city figures daily. Last updated 6 November 2026.
