The developers behind UnCommons are adding another office building to the mix after leasing out all the existing white-collar workspace.
Matter Real Estate Group announced plans for a fifth office building at the mixed-use development in the southwest Las Vegas Valley, saying the three-story project marks the final phase of office space at UnCommons.
Plans call for the building to feature around 39,260 square feet of offices, spread among the second and third floors, and about 19,800 square feet of ground-floor retail space, according to a news release.
The building should be ready for tenants in the first quarter of 2028, Matter partner Jim Stuart told the Las Vegas Review-Journal.
UnCommons, along Durango Drive just south of the 215 Beltway, across from the Durango hotel-casino, currently has four high-end office buildings with more than 335,000 square feet combined, along with an upscale apartment complex and food-and-beverage spots.
The existing office space is fully leased, Stuart said. Tenants include commercial real estate brokerage CBRE Group, online sports-betting firm DraftKings, and accounting giants Deloitte and EY.
Stuart argues that many employers want this kind of environment, and will pay a premium for it, to help retain and recruit talent.
He said that over the last 12 months, office leases at UnCommons averaged $5 per square foot.
By comparison, across Southern Nevada, the average asking rate for office space in the fourth quarter of 2025 was $2.64 per square foot, according to brokerage firm Colliers.
The new building at UnCommons is penciled for a 1.4-acre lot on the west side of the campus, between DraftKings’ building and an existing parking garage.
Overall, Matter broke ground on UnCommons in summer 2020 and built the complex in phases. The firm recently refinanced its debt on the property with a $310 million loan from investment giant TPG.
Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342.
