City of Las Vegas Employment
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Employment
Jun '20
-
248,098
Unemployment Rate Comparison
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Unemployment Rate
Jun '20
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16.9%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
| Trailing 12-Months | ||||||
|---|---|---|---|---|---|---|
| Share of Total | May '19 | May '20 | Net Change | % Change | ||
| Taxable Retail | 100.0% | $45,618.5M | $44,383.8M | -$1,234.8M | -2.7% | |
| Motor Vehicle and Parts Dealers | 10.7% | $5,033.3M | $4,750.5M | -$282.8M | -5.6% | |
| Food Services and Drinking Places | 20.5% | $10,487.2M | $9,119.4M | -$1,367.8M | -13.0% | |
| General Merchandise Stores | 8.3% | $3,660.2M | $3,672.0M | $11.9M | 0.3% | |
| Merchant Wholesalers, Durable Goods | 6.8% | $3,007.9M | $3,039.1M | $31.2M | 1.0% | |
| Building Material and Garden Equipment & Supplies | 4.4% | $1,830.4M | $1,940.9M | $110.6M | 6.0% | |
| Food and Beverage Stores | 3.2% | $1,358.4M | $1,428.9M | $70.5M | 5.2% | |
| Miscellaneous Store Retailers | 2.9% | $1,257.2M | $1,296.5M | $39.3M | 3.1% | |
| Rental and Leasing Services | 3.7% | $1,640.6M | $1,649.5M | $8.9M | 0.5% | |
| Clothing and Clothing Accessories Stores | 6.4% | $3,400.6M | $2,835.5M | -$565.1M | -16.6% | |
| Professional, Scientific, and Technical Services | 1.8% | $758.1M | $784.8M | $26.7M | 3.5% | |
Source: Nevada Department of Taxation
Commercial Real Estate Market
Office Market
Q1 '20
Vacancy Rate
12.6%
- -1.5% vs. Prior Yr.
- -0.4% vs. Prior Qtr.
Lease Rate
$2.08
- 0.9% vs. Prior Yr.
- 0.0% vs. prior Qtr.
Retail Market
Q1 '20
Vacancy Rate
6.5%
- -0.7% vs. Prior Yr.
- -0.2% vs. Prior Qtr.
Lease Rate
$1.85
- -2.3% vs. Prior Yr.
- 0.3% vs. Prior Qtr.
Industrial Market
Q1 '20
Vacancy Rate
6.3%
- -0.1% vs. Prior Yr.
- -0.0% vs. Prior Qtr.
Lease Rate
$0.68
- -0.2% vs. Prior Yr.
- -0.2% vs. Prior Qtr.
Housing Market
-
Existing Home
$264K
Jan '20
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New Home
$448K
Jan '20
Home Closings
Existing Home
New Home
Source: SalesTraq
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Existing Home
145
Jan '20
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New Home
903
Jan '20
Permits
Total Permits
Permit Value
Source: SalesTraq
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Total Permits
163
Jul '20
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Permit Value
$76M
Jul '20
Vacant Land Transactions
Acres Sold
Q1 '20
99.1
- 21.6% vs. Prior Yr.
- -68.4% vs. Prior Qtr.
Total Value
Q1 '20
$28,338,132
- -34.3% vs. Prior Yr.
- -84.5% vs. Prior Qtr.
Price Per Square Foot
Q1 '20
$6.57
- -46.0% vs. Prior Yr.
- -51.0% vs. Prior Qtr.