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Las Vegas Strip

Location
Las Vegas, NV
Estimated Gross Rent
$200-$300 PSF
Most Desirable Block(s)
From Spring Mountain Road to Tropicana
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Location
Las Vegas, NV
Estimated Gross Rent
$200-$300 PSF
Most Desirable Block(s)
From Spring Mountain Road to Tropicana

Description

No retail corridor in the U.S. matches the scale, intensity, or theatricality of the Las Vegas Strip – in the strip, you don’t sell, you perform. Spanning from Spring Mountain Road to Tropicana Avenue, the Strip is more than a commercial district—it’s a global circus where brands go wild. Born from mid-20th century glamor and fueled by decades of reinvention, this high street transformed from a casino corridor into a multi-billion-dollar ecosystem where retail, hospitality, and entertainment collide at maximum volume. It’s not just a destination—it’s a phenomenon, shaped as much by spectacle as it is by strategy. The Strip’s retail mix is a study in contrasts and ambition. Graff, Neiman Marcus, and Cartier signal its luxury depth, while Puma, Lululemon, Pandora, and Adidas capture global reach. Immersive experiences—like the former Netflix store and enduring draws like the M&M’s World and Coca-Cola Store—bring an energy rarely matched by traditional high streets. Dining ranges from chef-driven omakase to branded quick-service outposts, building a continuous loop of commerce that mirrors the Strip’s 24/7 rhythm. The Las Vegas Strip Retail Experience Retail on the Strip is driven by volume, visibility, and velocity. Storefronts operate as immersive brand showcases, built to capture the attention of tens of millions of visitors each year. Foot traffic is intense and constant, surging in waves tied to events, conventions, and entertainment calendars. This isn’t slow retail—it’s theatrical commerce, where brands must cut through the visual and sensory noise to make a lasting impression. Unlike traditional shopping districts, the Strip is transactional and experiential in equal measure. The return on investment isn't purely measured in sales per square foot, but in brand lift, social visibility, and global awareness. It’s a market for bold executions, where location strategy and design are as critical as product assortment.

No retail corridor in the U.S. matches the scale, intensity, or theatricality of the Las Vegas Strip – in the strip, you don’t sell, you perform. Spanning from Spring Mountain Road to Tropicana Avenue, the Strip is more than a commercial district—it’s a global circus where brands go wild. Born from mid-20th century glamor and fueled by decades of reinvention, this high street transformed from a casino corridor into a multi-billion-dollar ecosystem where retail, hospitality, and entertainment collide at maximum volume. It’s not just a destination—it’s a phenomenon, shaped as much by spectacle as it is by strategy. The Strip’s retail mix is a study in contrasts and ambition. Graff, Neiman Marc

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News & Alerts

https://vegas.eater.com/openings/128253/las-vegas-strip-biggest-food-hall-opened-what-to-eat-via-venetian

Josh Weisman Frank Volk

18 days ago

A new store opening in Fontainebleau Las Vegas on the Bleau Galerie Level, Rick Owens! This is the first to the Las Vegas Strip, and exclusive to the Fontainebleau!

2 months ago

Open Now! The second largest YSL store open at Fontainebleau Las Vegas!

2 months ago

We're excited to welcome The Webster to Fontainebleau Las Vegas, located in the Bleau Galerie on Level 2.

The first Las Vegas location of the iconic Miami-born retailer features a champagne flute-inspired pink onyx salon designed by Stephane Parmentier, offering a curated mix of luxury fashion, accessories, and lifestyle!

3 months ago

The Miracle Mile Food Hall has recently introduced a host of exciting new dining options. The new dining options include Lobster Me, Carniege Pizza, Dave's Hot Chicken, Tacotarian, and Fat Tuesday!

3 months ago
Local experts
Frank Volk
Frank Volk
Executive Vice President
CBRE
CBRE
CBRE
Top brands

Local Expert Analysis

The Las Vegas Strip is the most coveted retail address in the market, and its value proposition is built on exposure. Gross rents range from $200 to $300 per square foot, with top-tier spaces commanding higher premiums based on size, frontage, and adjacency to anchor properties. While turnover does occur—like the exit of Netflix’s pop-up and the relocation of Lululemon—vacancy remains exceptionally low, typically under 5%. Leasing activity is consistently strong, fueled by the Strip’s unique ability to offer brands a global audience in a compact footprint. New development is limited but impactful. The upcoming BLVD project, a 300,000-square-foot mixed-use development, is slated to open most of its retail tenants by 2025 and is expected to reshape the southern end of the corridor. This expansion reflects the Strip’s ongoing evolution—not in volume, but in quality and positioning. Customer Demographics and Foot Traffic The Strip is powered almost entirely by tourism, with a customer base that spans every demographic and every continent. With over 40 million annual visitors, brands benefit from a stream of potential customers whose mindset is shaped by leisure, indulgence, and discovery. Day and night, weekday and weekend, foot traffic stays high—though the rhythm changes with the season. Winters bring business travelers and conventioneers, while spring and summer usher in leisure tourists, families, and international shoppers. Events like CES, the F1 Grand Prix, and residencies by global performers create demand spikes that savvy retailers must anticipate and navigate. This consumer base is not built for browsing alone. Visitors arrive ready to spend, often seeking limited-edition merchandise, destination exclusives, and Instagrammable moments. Future Trends Over the next two to five years, the Strip will continue to prioritize quality over expansion. While large-scale developments like BLVD are rare, repositionings of existing assets will keep the corridor fresh. Retailers will increasingly focus on flagship and experiential formats, often incorporating technology, hospitality, or entertainment to stay competitive. As consumer expectations shift toward immersion and spectacle, the Strip is well-positioned to remain at the forefront of hybrid retail concepts. But the market will favor brands that plan carefully, execute boldly, and understand the operational nuance of trading in an environment that never sleeps. Conclusion The Las Vegas Strip is not a conventional retail market—it’s a performance-driven ecosystem. In this zip-code you come to be seen and to upstage others. Rents are high, competition is fierce, and the stakes are elevated. But for brands that get it right, the rewards are unparalleled: access to millions of global shoppers, 24/7 brand exposure, and the kind of visibility that traditional locations simply can't deliver.

The Las Vegas Strip is the most coveted retail address in the market, and its value proposition is built on exposure. Gross rents range from $200 to $300 per square foot, with top-tier spaces commanding higher premiums based on size, frontage, and adjacency to anchor properties.

While turnover does occur—like the exit of Netflix’s pop-up and the relocation of Lululemon—vacancy remains exceptionally low, typically under 5%. Leasing activity is consistently strong, fueled by the Strip’s unique ability to offer brands a global audience in a compact footprint. New development is limited but impactful. The upcoming BLVD project, a 300,000-square-foot mixed-use development, is slated to open most

...Read more