City of Las Vegas Employment
-
Employment
Apr '22
-
290,048
Unemployment Rate Comparison
-
Unemployment Rate
Apr '22
-
5.2%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
| Trailing 12-Months | ||||||
|---|---|---|---|---|---|---|
| Share of Total | Mar '21 | Mar '22 | Net Change | % Change | ||
| Taxable Retail | 100.0% | $42,532.2M | $57,774.0M | $15,241.8M | 35.8% | |
| Food Services and Drinking Places | 19.2% | $6,170.7M | $11,114.7M | $4,944.0M | 80.1% | |
| Motor Vehicle and Parts Dealers | 11.2% | $5,190.5M | $6,498.4M | $1,307.9M | 25.2% | |
| Merchant Wholesalers, Durable Goods | 6.7% | $3,131.6M | $3,895.2M | $763.6M | 24.4% | |
| General Merchandise Stores | 7.7% | $3,830.3M | $4,466.5M | $636.2M | 16.6% | |
| Clothing and Clothing Accessories Stores | 7.2% | $2,367.7M | $4,156.9M | $1,789.3M | 75.6% | |
| Building Material and Garden Equipment & Supplies | 4.8% | $2,249.0M | $2,787.8M | $538.8M | 24.0% | |
| Miscellaneous Store Retailers | 3.2% | $1,456.1M | $1,869.1M | $413.0M | 28.4% | |
| Rental and Leasing Services | 3.0% | $1,219.8M | $1,710.4M | $490.6M | 40.2% | |
| Food and Beverage Stores | 2.9% | $1,572.2M | $1,656.4M | $84.2M | 5.4% | |
| Professional, Scientific, and Technical Services | 2.0% | $798.0M | $1,127.0M | $329.0M | 41.2% | |
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
-
Existing Home
$375K
Dec '21
-
New Home
$542K
Dec '21
Home Closings
Existing Home
New Home
Source: SalesTraq
-
Existing Home
1,401
Dec '21
-
New Home
199
Dec '21
Permits
Total Permits
Permit Value
Source: SalesTraq
-
Total Permits
474
Feb '22
-
Permit Value
$149M
Feb '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.