Gravatos tracked over 100 IOS transactions across Las Vegas in 2024-2025.

North Las Vegas is the most active IOS submarket, comprising ~40% of all Vegas IOS transactions in 2024-2025. Groups like Outour Storage Investments, Jadian IOS, Open Industrial, and Stonemont acquired properties in North Las Vegas in 2024 and 2025. Across over 150 tenants analyzed in the submarket, the mix is ~30% equipment rental & equipment sales, ~20% construction and building materials, with services, manufacturing, and distribution comprising the rest.

The Southwest Market comprised ~30% of all Vegas IOS sales in 2024-2025, with tenant segmentation skewing more towards services at ~30%.

The median sale site size in 2025 was 3.6 acres, with ~70% of all IOS sales tracked from 2023 to 2025 featuring buildings of 15k square feet or less.

IOS ownership remains highly fragmented in Las Vegas, with Investor ownership representing <10% of the market.

Zach McClenahan of Colliers notes that Las Vegas’ industrial outdoor storage market continues to attract institutional capital and credit-grade operators despite broader uncertainty across the Class A industrial sector. Demand remains concentrated in North Las Vegas and the Southwest Valley, where proximity to major arterials and the region’s established logistics infrastructure supports consistent tenant activity.

McClenahan adds that core IOS fundamentals remain resilient, with well-improved assets achieving premium rents as users prioritize functional, ready-to-operate sites. In contrast, lower-quality product is beginning to experience rate compression as additional supply comes to market.

Among the Valley’s submarkets, the Southwest is currently posting the strongest rental performance, while North Las Vegas continues to lead in transaction velocity among heavy equipment users, fleet operators, and service-oriented tenants.

Zoning constraints, limited industrial land availability, and various municipal requirements continue to slow the delivery of new high-quality IOS product. At the same time, many older unimproved sites require meaningful capital investment to meet modern tenant expectations, further increasing demand for well-located, improved infill properties.

Please reach out to the Colliers Team for more information on the below.

FOR LEASE: ±2.1 acres available for lease at 4620 & 4700 W Harmon Ave, Las Vegas, NV. The property features ±3,661 SF of building space with Industrial Light (I-L) zoning, offering direct access to I-15 North and South in the Southwest submarket, and is available immediately at a negotiable NNN lease rate. Built in 1997 with metal construction, the site includes a septic system, paved and lit secure lot, and a chain-link fence perimeter with a rolling gate.

FOR LEASE: ±5.98 acres with a total of ±22,400 SF across warehouse, freight terminal, and office space, located less than 5 minutes from the I-15 Freeway. The fully secured yard features 48 dock-high loading positions, one grade-level loading area, an above-ground fueling island, 7,000V fencing, and natural gas utilities. Zoned Industrial Light (IL) with a 7% coverage ratio, the property is powered by ±225 Amps, 277/480V, 3-Phase electricity.

FOR LEASE: Located at 3125 Abels Lane, Las Vegas, NV 89115, this Prologis drop lot and trailer/container yard offers ±6.52 acres for lease in the North Las Vegas submarket, built in 2004 and zoned Industrial Light (IL). The fully fenced and lighted yard features 195 trailer stalls plus 44 smaller trailer stalls, with two entrances accessible from both East Cheyenne Avenue and Abels Lane. The property provides convenient access to I-15 via the Cheyenne Avenue Interchange and is situated just east of Lamb Boulevard and south of Cheyenne Avenue.

FOR LEASE: Located at 2861 Losee Road, North Las Vegas, NV 89030, this freestanding building on ±3.4 total acres is available for lease immediately at a negotiable NNN rate, with M-2 zoning and convenient access to I-15, I-215, and the Las Vegas Strip. The property features three grade-level doors (12'W x 14'H), two ingress/egress positions on Losee Road, an exterior canopy, outdoor lighting, and an existing wash bay. Security is provided by a block wall perimeter on Losee Road and chain-link fence with barbed wire on other sides, making it well-suited for logistics and supply chain operations.

Dan Doherty, SIOR
Vice Chair | Las Vegas
[email protected]
Direct: +1 702 836 3707

Paul Sweetland, SIOR
Vice Chair | Las Vegas
[email protected]
Direct: +1 702 836 3750

Jerry Doty
Vice Chair | Las Vegas
[email protected]
Direct: +1 702 836 3735

Morgan Elson
Associate | Las Vegas
[email protected]
Direct: +1 702 836 3710

Zach McClenahan
Associate | Las Vegas
[email protected]
Direct: +1 702 836 3780

Gravatos - Industrial Outdoor Storage Data Intelligence Platform. (Link)