In North Las Vegas, construction cost escalation has moderated compared to earlier years. Non-residential construction in the western U.S., including Las Vegas, saw modest increases—around 3.2% in 2024—while national growth was lower, near 1.3%
Bid price inflation in Las Vegas is projected at approximately 2–3% for 2024, with expectations rising to around 3.5% in 2025–2026 as activity and input pressures increase
These trends suggest that contractors and construction managers should anticipate moderate upward movement in overall project costs, with variability depending on project type and scale.
Industrial build-to-suit projects in Las Vegas show relative stability: small-scale warehouse costs have softened slightly year-over-year, while medium and large-scale projects remain competitive compared to other Western U.S. markets
These patterns reflect improved efficiencies and a softer pricing environment for base building architectural components.
Labor remains a key cost driver. Rising wages, combined with a tightening skilled labor pool, are pushing trade labor, journeyman, and subcontractor rates upward. Immigration policy shifts are expected to further constrain labor availability, intensifying upward pressure on rates.
For public works in Clark County (which includes North Las Vegas), prevailing wage rates are set for October 1, 2024 through September 30, 2025. These rates include base pay plus fringe benefits and apply to projects over $100,000. Contractors should monitor updates to the 2025–2027 prevailing wage survey to anticipate changes in labor cost obligations.
Equipment rental in North Las Vegas typically includes aerial work platforms, scaffolding, air compressors, earthmoving machinery, generators, and more. Rental terms vary by duration—daily, weekly, or monthly—and rates reflect equipment type, availability, and delivery logistics. Contractors should plan equipment hire based on project schedule and site access to optimize cost efficiency.
North Las Vegas has experienced significant expansion, nearly doubling its housing stock over the past two decades. The city continues to grow through master-planned communities and industrial development, supported by active collaboration between developers and city planning staff to streamline approvals and infrastructure delivery.
Industrial and logistics sectors are particularly active, with North Las Vegas accounting for a substantial share of the region’s distribution space. Vacancy rates have fluctuated, and new construction pipelines remain robust, reflecting strong demand and ongoing investment in the area.
Construction cost growth in Las Vegas has eased from previous peaks, but the outlook for 2025–2026 points to renewed upward pressure. Factors include potential trade tariffs, infrastructure expansion, and continued labor shortages. These dynamics suggest that contractors should prepare for moderate cost escalation and maintain flexibility in budgeting and scheduling.
