Las Vegas Retail Boom Driven by Experiential and Mixed-Use Developments

Las Vegas Retail Expands: In 2024, the city added 742,000 SF of new retail space, marking an 182.5% increase in new deliveries compared to 2023. This includes the 500,000 SF BLVD experiential retail project. BLVD features over 700 feet of Strip frontage, major tenants like H&M, Adidas, and Abercrombie & Fitch, plus a rooftop dining and entertainment area overlooking the Strip.

Experiential Concepts on the Rise: Immersive, entertainment-driven developments like Area15 and the Sphere are attracting more locals and tourists. Sports and entertainment are also reshaping the landscape, with the proposed LVXP Resort featuring an NBA arena and new home stadium to the Oakland A’s set to break ground at the former Tropicana site in mid-2025.

Upcoming Projects: The Bend, a 157,000 SF mixed-use development, will blend office and retail with unique tenants like Electric Pickle and Bowery Lane. It will also feature 13,000 SF of office space.