City of Las Vegas Employment
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Employment
May '21
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285,614
Unemployment Rate Comparison
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Unemployment Rate
May '21
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8.8%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
| Trailing 12-Months | ||||||
|---|---|---|---|---|---|---|
| Share of Total | Apr '20 | Apr '21 | Net Change | % Change | ||
| Taxable Retail | 100.0% | $45,475.9M | $44,614.8M | -$861.1M | -1.9% | |
| Food Services and Drinking Places | 15.0% | $9,806.9M | $6,701.7M | -$3,105.2M | -31.7% | |
| Motor Vehicle and Parts Dealers | 12.4% | $4,770.1M | $5,522.1M | $752.1M | 15.8% | |
| General Merchandise Stores | 8.9% | $3,668.8M | $3,949.3M | $280.5M | 7.6% | |
| Merchant Wholesalers, Durable Goods | 7.2% | $3,080.2M | $3,228.6M | $148.4M | 4.8% | |
| Clothing and Clothing Accessories Stores | 5.9% | $3,063.8M | $2,637.4M | -$426.4M | -13.9% | |
| Building Material and Garden Equipment & Supplies | 5.2% | $1,907.1M | $2,298.5M | $391.5M | 20.5% | |
| Miscellaneous Store Retailers | 3.5% | $1,311.9M | $1,541.3M | $229.4M | 17.5% | |
| Food and Beverage Stores | 3.6% | $1,413.8M | $1,587.8M | $174.0M | 12.3% | |
| Rental and Leasing Services | 2.8% | $1,706.5M | $1,261.5M | -$445.0M | -26.1% | |
| Furniture and Home Furnishings Stores | 2.2% | $817.1M | $968.6M | $151.5M | 18.5% | |
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
$340K
May '21
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New Home
$477K
May '21
Home Closings
Existing Home
New Home
Source: SalesTraq
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Existing Home
1,478
May '21
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New Home
177
May '21
Permits
Total Permits
Permit Value
Source: SalesTraq
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Total Permits
227
Jun '21
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Permit Value
$83M
Jun '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.