A report from commercial real estate services firm CBRE has found that industrial construction supply is being absorbed in Southern Nevada, largely due to demand from big-box stores. Industrial vacancies in the valley dropped from 10.2 percent to 9.5 percent from the third to fourth quarters in 2025, according to the report. The biggest trend in the industrial market is growing big-boxing demand driven by supply chain network optimization. The report noted that this decline signals that the oversupply seen earlier in the cycle is beginning to be absorbed, aided by strong leasing momentum and a healthy pipeline of tenant commitments. In 2025, approximately 5.1 million square feet of industrial space was absorbed, a 60 percent increase from 2024.