City of Las Vegas Employment
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Employment
Aug '24
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310,982
Unemployment Rate Comparison
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Unemployment Rate
Aug '24
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6.2%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
Trailing 12-Months | ||||||
---|---|---|---|---|---|---|
Share of Total | Jul '23 | Jul '24 | Net Change | % Change | ||
Taxable Retail | 100.0% | $64,601.1M | $65,839.4M | $1,238.4M | 1.9% | |
Food Services and Drinking Places | 19.8% | $12,641.0M | $13,041.3M | $400.3M | 3.2% | |
Motor Vehicle and Parts Dealers | 10.3% | $6,894.6M | $6,764.7M | -$129.9M | -1.9% | |
Merchant Wholesalers, Durable Goods | 7.0% | $4,545.9M | $4,637.5M | $91.6M | 2.0% | |
General Merchandise Stores | 6.7% | $4,355.3M | $4,405.8M | $50.5M | 1.2% | |
Clothing and Clothing Accessories Stores | 6.7% | $4,404.9M | $4,415.5M | $10.5M | 0.2% | |
Building Material and Garden Equipment & Supplies | 3.9% | $2,746.6M | $2,586.7M | -$159.9M | -5.8% | |
Miscellaneous Store Retailers | 2.9% | $1,935.0M | $1,906.6M | -$28.4M | -1.5% | |
Rental and Leasing Services | 2.8% | $1,812.8M | $1,839.0M | $26.2M | 1.4% | |
Food and Beverage Stores | 2.7% | $1,727.9M | $1,792.1M | $64.2M | 3.7% | |
Electronics and Appliance Stores | 1.6% | $1,078.0M | $1,023.9M | -$54.1M | -5.0% |
Source: Nevada Department of Taxation
Commercial Real Estate Market
Office Market
Q2 '24
Vacancy Rate
14.5%
- 0.4% vs. Prior Yr.
- 0.8% vs. Prior Qtr.
Lease Rate
$2.16
- 0.0% vs. Prior Yr.
- 0.0% vs. prior Qtr.
Retail Market
Q2 '24
Vacancy Rate
5.1%
- -0.2% vs. Prior Yr.
- 0.0% vs. Prior Qtr.
Lease Rate
$1.98
- 0.0% vs. Prior Yr.
- -0.7% vs. Prior Qtr.
Industrial Market
Q2 '24
Vacancy Rate
4.9%
- -0.6% vs. Prior Yr.
- -0.1% vs. Prior Qtr.
Lease Rate
$0.81
- 3.4% vs. Prior Yr.
- 4.2% vs. Prior Qtr.
Housing Market
Median Closing Price
Existing Home
New Home
Source: SalesTraq
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Existing Home
$399K
Dec '23
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New Home
$550K
Dec '23
Home Closings
Existing Home
New Home
Source: SalesTraq
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Existing Home
605
Dec '23
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New Home
240
Dec '23
Permits
Total Permits
Permit Value
Source: SalesTraq
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Total Permits
157
Feb '23
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Permit Value
$55M
Jul '22
Vacant Land Transactions
Acres Sold
Q4 '23
427.9
- 525.8% vs. Prior Yr.
- 224.5% vs. Prior Qtr.
Total Value
Q4 '23
$324,466,071
- 385.6% vs. Prior Yr.
- 230.4% vs. Prior Qtr.
Price Per Square Foot
Q4 '23
$17.41
- -22.4% vs. Prior Yr.
- 1.8% vs. Prior Qtr.