City of Las Vegas Employment
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Employment
Apr '21
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282,479
Unemployment Rate Comparison
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Unemployment Rate
Apr '21
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9.0%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
| Trailing 12-Months | ||||||
|---|---|---|---|---|---|---|
| Share of Total | Mar '20 | Mar '21 | Net Change | % Change | ||
| Taxable Retail | 100.0% | $46,860.4M | $42,532.2M | -$4,328.2M | -9.2% | |
| Food Services and Drinking Places | 14.5% | $10,449.9M | $6,170.7M | -$4,279.1M | -40.9% | |
| Motor Vehicle and Parts Dealers | 12.2% | $4,948.9M | $5,190.5M | $241.6M | 4.9% | |
| General Merchandise Stores | 9.0% | $3,713.3M | $3,830.3M | $117.0M | 3.1% | |
| Merchant Wholesalers, Durable Goods | 7.4% | $3,135.8M | $3,131.6M | -$4.2M | -0.1% | |
| Clothing and Clothing Accessories Stores | 5.6% | $3,287.4M | $2,367.7M | -$919.7M | -28.0% | |
| Building Material and Garden Equipment & Supplies | 5.3% | $1,882.8M | $2,249.0M | $366.2M | 19.5% | |
| Miscellaneous Store Retailers | 3.4% | $1,350.4M | $1,456.1M | $105.7M | 7.8% | |
| Food and Beverage Stores | 3.7% | $1,403.5M | $1,572.2M | $168.7M | 12.0% | |
| Rental and Leasing Services | 2.9% | $1,757.7M | $1,219.8M | -$537.9M | -30.6% | |
| Professional, Scientific, and Technical Services | 1.9% | $806.2M | $798.0M | -$8.2M | -1.0% | |
Source: Nevada Department of Taxation
Commercial Real Estate Market
Office Market
Q1 '21
Vacancy Rate
15.3%
- 2.6% vs. Prior Yr.
- 0.1% vs. Prior Qtr.
Lease Rate
$2.03
- -1.0% vs. Prior Yr.
- -0.4% vs. prior Qtr.
Retail Market
Q1 '21
Vacancy Rate
6.9%
- 0.3% vs. Prior Yr.
- -0.2% vs. Prior Qtr.
Lease Rate
$1.84
- -0.8% vs. Prior Yr.
- 0.9% vs. Prior Qtr.
Industrial Market
Q1 '21
Vacancy Rate
5.9%
- -0.1% vs. Prior Yr.
- -0.1% vs. Prior Qtr.
Lease Rate
$0.71
- 3.5% vs. Prior Yr.
- -0.2% vs. Prior Qtr.
Housing Market
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Existing Home
$315K
Mar '21
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New Home
$456K
Mar '21
Home Closings
Existing Home
New Home
Source: SalesTraq
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Existing Home
1,644
Mar '21
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New Home
177
Mar '21
Permits
Total Permits
Permit Value
Source: SalesTraq
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Total Permits
249
Apr '21
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Permit Value
$86M
Apr '21
Vacant Land Transactions
Acres Sold
Q4 '20
226.6
- -27.7% vs. Prior Yr.
- 523.9% vs. Prior Qtr.
Total Value
Q4 '20
$133,371,503
- -27.1% vs. Prior Yr.
- 725.0% vs. Prior Qtr.
Price Per Square Foot
Q4 '20
$13.51
- 0.8% vs. Prior Yr.
- 32.2% vs. Prior Qtr.