City of Las Vegas Employment
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Employment
Jun '22
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291,333
Unemployment Rate Comparison
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Unemployment Rate
Jun '22
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5.9%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
| Trailing 12-Months | ||||||
|---|---|---|---|---|---|---|
| Share of Total | May '21 | May '22 | Net Change | % Change | ||
| Taxable Retail | 100.0% | $46,214.9M | $59,120.8M | $12,906.0M | 27.9% | |
| Food Services and Drinking Places | 19.6% | $7,299.3M | $11,569.8M | $4,270.4M | 58.5% | |
| Motor Vehicle and Parts Dealers | 11.1% | $5,653.3M | $6,535.2M | $881.8M | 15.6% | |
| General Merchandise Stores | 7.6% | $4,025.6M | $4,484.1M | $458.5M | 11.4% | |
| Clothing and Clothing Accessories Stores | 7.2% | $2,898.4M | $4,259.4M | $1,360.9M | 47.0% | |
| Merchant Wholesalers, Durable Goods | 6.8% | $3,292.6M | $4,029.9M | $737.3M | 22.4% | |
| Building Material and Garden Equipment & Supplies | 4.8% | $2,334.8M | $2,852.3M | $517.5M | 22.2% | |
| Rental and Leasing Services | 3.0% | $1,314.0M | $1,754.8M | $440.8M | 33.5% | |
| Miscellaneous Store Retailers | 3.1% | $1,598.0M | $1,859.4M | $261.4M | 16.4% | |
| Food and Beverage Stores | 2.8% | $1,600.8M | $1,663.8M | $63.0M | 3.9% | |
| Electronics and Appliance Stores | 2.0% | $976.1M | $1,200.7M | $224.6M | 23.0% | |
Source: Nevada Department of Taxation
Commercial Real Estate Market
Office Market
Q3 '21
Vacancy Rate
14.5%
- 0.8% vs. Prior Yr.
- -0.2% vs. Prior Qtr.
Lease Rate
$2.04
- 0.5% vs. Prior Yr.
- 0.0% vs. prior Qtr.
Retail Market
Q3 '21
Vacancy Rate
6.7%
- -0.2% vs. Prior Yr.
- 0.0% vs. Prior Qtr.
Lease Rate
$1.84
- -3.3% vs. Prior Yr.
- -0.8% vs. Prior Qtr.
Industrial Market
Q3 '21
Vacancy Rate
4.9%
- -0.9% vs. Prior Yr.
- -0.5% vs. Prior Qtr.
Lease Rate
$0.72
- 1.1% vs. Prior Yr.
- 0.7% vs. Prior Qtr.
Housing Market
Median Closing Price
Existing Home
New Home
Source: SalesTraq
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Existing Home
$375K
Dec '21
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New Home
$542K
Dec '21
Home Closings
Existing Home
New Home
Source: SalesTraq
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Existing Home
1,401
Dec '21
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New Home
199
Dec '21
Permits
Total Permits
Permit Value
Source: SalesTraq
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Total Permits
360
May '22
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Permit Value
$126M
May '22
Vacant Land Transactions
Acres Sold
Q1 '22
203.0
- -9.7% vs. Prior Yr.
- -10.9% vs. Prior Qtr.
Total Value
Q1 '22
$136,284,823
- 17.9% vs. Prior Yr.
- 3.5% vs. Prior Qtr.
Price Per Square Foot
Q1 '22
$15.41
- 30.5% vs. Prior Yr.
- 16.2% vs. Prior Qtr.