City of Las Vegas Employment
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Employment
Oct '21
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291,352
Unemployment Rate Comparison
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Unemployment Rate
Oct '21
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6.7%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
| Trailing 12-Months | ||||||
|---|---|---|---|---|---|---|
| Share of Total | Sep '20 | Sep '21 | Net Change | % Change | ||
| Taxable Retail | 100.0% | $42,665.0M | $51,246.4M | $8,581.4M | 20.1% | |
| Food Services and Drinking Places | 17.4% | $7,632.2M | $8,905.5M | $1,273.4M | 16.7% | |
| Motor Vehicle and Parts Dealers | 11.7% | $4,808.5M | $6,018.9M | $1,210.4M | 25.2% | |
| General Merchandise Stores | 8.3% | $3,687.9M | $4,229.9M | $542.0M | 14.7% | |
| Clothing and Clothing Accessories Stores | 6.7% | $2,549.4M | $3,422.2M | $872.7M | 34.2% | |
| Merchant Wholesalers, Durable Goods | 6.9% | $3,012.8M | $3,557.0M | $544.2M | 18.1% | |
| Building Material and Garden Equipment & Supplies | 5.0% | $2,037.0M | $2,537.6M | $500.6M | 24.6% | |
| Miscellaneous Store Retailers | 3.4% | $1,329.3M | $1,767.5M | $438.2M | 33.0% | |
| Professional, Scientific, and Technical Services | 1.9% | $811.8M | $951.3M | $139.5M | 17.2% | |
| Rental and Leasing Services | 2.9% | $1,432.0M | $1,471.9M | $39.9M | 2.8% | |
| Food and Beverage Stores | 3.1% | $1,497.2M | $1,609.2M | $112.0M | 7.5% | |
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
$349K
Jun '21
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New Home
$494K
Jun '21
Home Closings
Existing Home
New Home
Source: SalesTraq
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Existing Home
1,592
Jun '21
-
New Home
202
Jun '21
Permits
Total Permits
Permit Value
Source: SalesTraq
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Total Permits
287
Oct '21
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Permit Value
$107M
Oct '21
Vacant Land Transactions
Acres Sold
Q2 '21
320.1
- -19.9% vs. Prior Yr.
- 42.4% vs. Prior Qtr.
Total Value
Q2 '21
$170,591,112
- 64.8% vs. Prior Yr.
- 47.6% vs. Prior Qtr.
Price Per Square Foot
Q2 '21
$12.24
- 105.8% vs. Prior Yr.
- 3.6% vs. Prior Qtr.