City of Las Vegas Employment
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Employment
Feb '24
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313,572
Unemployment Rate Comparison
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Unemployment Rate
Feb '24
-
5.3%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
Trailing 12-Months | ||||||
---|---|---|---|---|---|---|
Share of Total | Jan '23 | Jan '24 | Net Change | % Change | ||
Taxable Retail | 100.0% | $62,999.0M | $65,505.4M | $2,506.4M | 4.0% | |
Food Services and Drinking Places | 19.7% | $12,356.8M | $12,906.8M | $550.0M | 4.5% | |
Motor Vehicle and Parts Dealers | 10.4% | $6,886.6M | $6,805.4M | -$81.3M | -1.2% | |
General Merchandise Stores | 6.7% | $4,464.0M | $4,376.0M | -$88.0M | -2.0% | |
Merchant Wholesalers, Durable Goods | 6.9% | $4,484.5M | $4,525.0M | $40.5M | 0.9% | |
Clothing and Clothing Accessories Stores | 6.8% | $4,473.7M | $4,422.4M | -$51.3M | -1.1% | |
Building Material and Garden Equipment & Supplies | 4.1% | $2,940.7M | $2,659.3M | -$281.4M | -9.6% | |
Rental and Leasing Services | 2.7% | $1,838.6M | $1,794.3M | -$44.3M | -2.4% | |
Miscellaneous Store Retailers | 2.9% | $1,909.7M | $1,894.6M | -$15.2M | -0.8% | |
Food and Beverage Stores | 2.6% | $1,716.3M | $1,714.1M | -$2.3M | -0.1% | |
Professional, Scientific, and Technical Services | 2.5% | $1,080.9M | $1,625.4M | $544.5M | 50.4% |
Source: Nevada Department of Taxation
Commercial Real Estate Market
Office Market
Q4 '23
Vacancy Rate
13.7%
- -0.6% vs. Prior Yr.
- -0.2% vs. Prior Qtr.
Lease Rate
$2.16
- 0.0% vs. Prior Yr.
- 0.0% vs. prior Qtr.
Retail Market
Q4 '23
Vacancy Rate
5.4%
- -0.4% vs. Prior Yr.
- 0.2% vs. Prior Qtr.
Lease Rate
$1.99
- 5.1% vs. Prior Yr.
- 0.9% vs. Prior Qtr.
Industrial Market
Q4 '23
Vacancy Rate
4.8%
- -0.5% vs. Prior Yr.
- -0.4% vs. Prior Qtr.
Lease Rate
$0.78
- -0.5% vs. Prior Yr.
- -0.6% 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
360
May '22
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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.