City of Las Vegas Employment
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Employment
Mar '22
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288,645
Unemployment Rate Comparison
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Unemployment Rate
Mar '22
-
5.2%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
| Trailing 12-Months | ||||||
|---|---|---|---|---|---|---|
| Share of Total | Feb '21 | Feb '22 | Net Change | % Change | ||
| Taxable Retail | 100.0% | $41,079.3M | $56,937.5M | $15,858.2M | 38.6% | |
| Food Services and Drinking Places | 19.0% | $5,930.9M | $10,805.5M | $4,874.6M | 82.2% | |
| Motor Vehicle and Parts Dealers | 11.3% | $4,885.4M | $6,444.6M | $1,559.2M | 31.9% | |
| General Merchandise Stores | 7.9% | $3,707.9M | $4,470.4M | $762.5M | 20.6% | |
| Merchant Wholesalers, Durable Goods | 6.7% | $3,072.8M | $3,815.0M | $742.2M | 24.2% | |
| Clothing and Clothing Accessories Stores | 7.2% | $2,193.2M | $4,089.0M | $1,895.8M | 86.4% | |
| Building Material and Garden Equipment & Supplies | 4.8% | $2,199.2M | $2,741.8M | $542.7M | 24.7% | |
| Miscellaneous Store Retailers | 3.3% | $1,379.5M | $1,860.0M | $480.5M | 34.8% | |
| Rental and Leasing Services | 2.9% | $1,221.2M | $1,674.5M | $453.2M | 37.1% | |
| Food and Beverage Stores | 2.9% | $1,569.1M | $1,646.3M | $77.2M | 4.9% | |
| Electronics and Appliance Stores | 2.0% | $886.8M | $1,166.7M | $280.0M | 31.6% | |
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
$375K
Dec '21
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New Home
$542K
Dec '21
Home Closings
Existing Home
New Home
Source: SalesTraq
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Existing Home
1,401
Dec '21
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New Home
199
Dec '21
Permits
Total Permits
Permit Value
Source: SalesTraq
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Total Permits
474
Feb '22
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Permit Value
$149M
Feb '22
Vacant Land Transactions
Acres Sold
Q4 '21
228.0
- 0.6% vs. Prior Yr.
- 0.8% vs. Prior Qtr.
Total Value
Q4 '21
$131,715,683
- -1.2% vs. Prior Yr.
- -15.3% vs. Prior Qtr.
Price Per Square Foot
Q4 '21
$13.26
- -1.8% vs. Prior Yr.
- -16.0% vs. Prior Qtr.