Las Vegas Real Estate News

North Las Vegas Warehouse Construction Continues

  • Trammell Crow will build another 2.7 million square foot industrial project in North Las Vegas
  • Seefried Industrial Properties and Clarion Brothers will build 2.6 million square feet in the city
  • CapRock is adding 683,000 square feet of industrial space to the city

All together, there is another 6 million square feet of industrial and warehouse space planned for North Las Vegas.

This city has been chosen of all the cities in the valley more often because there are still large tracts of land available. In much of the rest of the valley, land has been divided into pieces too small to accommodate the massive industrial buildings that have been envisioned.

North Las Vegas has nearly half of all new warehouses in the valley.

Between 2015 and 2018, 24 million square feet of industrial space was put online in the valley. Nearly half of that was built in North Las Vegas.

The city economic development director, Gina Gavan told the Las Vegas Review-Journal, that while Amazon and Fanatics get a lot of press, there are all types of industries moving into the new space. Businesses like health care, trucking, and plumbing are all taking up residence in the industrial space.

The Seefried/Clarion purchase was completed last month. It was a $58 million sale for 150 acres. With 2.6 million square feet to build, the first phase is expected to start in January and continue for years.

Construction on the Trammell Crow project started in the last two months and work on the CapRock project started last month.

The CapRock project will be slightly different in that the buildings, which will be built near the Las Vegas Motor Speedway, will be able to be subdivided to as small as 30,000 square feet, making it ideal for medium-sized businesses to expand in the Las Vegas area.

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