City of Las Vegas Employment
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Employment
Jul '23
-
305,486
Unemployment Rate Comparison
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Unemployment Rate
Jul '23
-
6.3%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
Trailing 12-Months | ||||||
---|---|---|---|---|---|---|
Share of Total | May '22 | May '23 | Net Change | % Change | ||
Taxable Retail | 100.0% | $59,120.8M | $64,104.8M | $4,984.0M | 8.4% |
Source: Nevada Department of Taxation
Commercial Real Estate Market
Office Market
Q4 '22
Vacancy Rate
14.7%
- 0.3% vs. Prior Yr.
- 0.2% vs. Prior Qtr.
Lease Rate
$2.16
- 3.8% vs. Prior Yr.
- 0.0% vs. prior Qtr.
Retail Market
Q4 '22
Vacancy Rate
5.3%
- -1.3% vs. Prior Yr.
- -0.2% vs. Prior Qtr.
Lease Rate
$1.91
- 2.0% vs. Prior Yr.
- 0.6% vs. Prior Qtr.
Industrial Market
Q4 '22
Vacancy Rate
4.9%
- 0.2% vs. Prior Yr.
- 0.3% vs. Prior Qtr.
Lease Rate
$0.78
- 9.2% vs. Prior Yr.
- 6.8% vs. Prior Qtr.
Housing Market
Median Closing Price
Existing Home
New Home
Source: SalesTraq
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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
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Total Permits
360
May '22
-
Permit Value
$126M
May '22
Vacant Land Transactions
Acres Sold
Q4 '22
68.4
- -70.0% vs. Prior Yr.
- -44.1% vs. Prior Qtr.
Total Value
Q4 '22
$66,810,927
- -49.3% vs. Prior Yr.
- -31.9% vs. Prior Qtr.
Price Per Square Foot
Q4 '22
$22.43
- 69.1% vs. Prior Yr.
- 21.7% vs. Prior Qtr.