Mobile gaming company Skillz recently announced that it had completed the acquisition of a Las Vegas office building. The property will serve as the new Skillz headquarters and joins the company’s expanding U.S. network of workspaces, which currently includes locations in Los Angeles; San Mateo, Calif.; and Seattle.

Located at 6625 W. Badura Ave. in Enterprise, Nev., the two-story property incorporates more than 38,400 square feet of Las Vegas commercial space. Originally designed and owned by renowned photographer Peter Lik, 6625 Badura features a loft-style interior with a unique open floor plan. Notably, the new owners reportedly plan to transform the space further in order to achieve a better alignment with the company’s passion for gaming and technology.

“Las Vegas is the top destination for entertainment, professional sports, five-star dining, fabulous boutique shopping, our incredible resorts, and our evolving reputation in technology,” said Las Vegas Mayor, Carolyn G. Goodman. “In business investment and technology, specifically, companies are looking more and more to Las Vegas as a new home. We welcome Skillz, the mobile gaming platform for skill-based competition, to Las Vegas as we continue to develop into a world-class hub of innovation and technology.”

“This property represents an important milestone for Skillz,” said Andrew Paradise, CEO of Skillz. “The purchase furthers our long-term commitment to building the future of competition in the world’s gaming capital. Establishing deeper roots in Las Vegas allows us to draw from expertise in world-class entertainment, while attracting world-class talent to the company as we grow. We’re grateful to relocate our headquarters to a place that supports our mission and would not have been able to proceed without the full support from the State of Nevada.”

Las Vegas CRE Market Glow-Up

Although the Las Vegas market has been overlooked in the past, the state’s favorable tax treatment of small businesses; the convenience and ease of transportation; and its relative affordability have caused a wave of businesses to recognize and act on the fact that Las Vegas is a great place to develop and grow.

In particular, the greater metropolitan commercial real estate market has been consistently strong in terms of manufacturing, warehouse, and logistics properties. But, at a time when an increasing number of people are free to live where they want to live and working from home has been proven to be a viable option, the reenvisioning of Las Vegas office space and retail opportunities carries great potential for success. To that effect, the Nevada powerhouse is already off to a good start: Between 2002 and 2022, markets in the Western U.S. added the most office square footage in the U.S. Plus, local suburban office space expansion during that same timeframe placed Las Vegas among the top markets driving growth in the region.

Even before the COVID-19 pandemic, Las Vegas ranked among the most attractive metropolitan destinations for domestic migration. And, because the pandemic accelerated the adoption of hybrid and remote working models, a possible rebalancing of population density across the country could bring great benefits to many more cities and significantly improve work/life balance across many more communities.

Looking for commercial real estate for lease opportunities in top U.S. locations? Select any of the markets linked below and check out the local listings!