City of Las Vegas Employment
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Employment
Oct '24
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312,216
Unemployment Rate Comparison
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Unemployment Rate
Oct '24
-
6.0%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
Trailing 12-Months | ||||||
---|---|---|---|---|---|---|
Share of Total | Aug '23 | Aug '24 | Net Change | % Change | ||
Taxable Retail | 100.0% | $64,815.8M | $65,675.8M | $860.0M | 1.3% | |
Food Services and Drinking Places | 19.8% | $12,721.5M | $13,020.5M | $299.0M | 2.3% | |
Motor Vehicle and Parts Dealers | 10.2% | $6,921.2M | $6,724.2M | -$197.0M | -2.8% | |
Merchant Wholesalers, Durable Goods | 7.0% | $4,556.7M | $4,606.2M | $49.5M | 1.1% | |
General Merchandise Stores | 6.7% | $4,369.2M | $4,406.9M | $37.7M | 0.9% | |
Clothing and Clothing Accessories Stores | 6.7% | $4,406.3M | $4,411.0M | $4.6M | 0.1% | |
Building Material and Garden Equipment & Supplies | 3.9% | $2,698.6M | $2,571.4M | -$127.2M | -4.7% | |
Miscellaneous Store Retailers | 2.9% | $1,944.8M | $1,908.7M | -$36.2M | -1.9% | |
Rental and Leasing Services | 2.8% | $1,802.6M | $1,831.0M | $28.4M | 1.6% | |
Food and Beverage Stores | 2.7% | $1,713.5M | $1,785.6M | $72.0M | 4.2% | |
Professional, Scientific, and Technical Services | 1.9% | $1,542.2M | $1,219.6M | -$322.6M | -20.9% |
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.