City of Las Vegas Employment
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Employment
Oct '22
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298,895
Unemployment Rate Comparison
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Unemployment Rate
Oct '22
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5.8%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
| Trailing 12-Months | ||||||
|---|---|---|---|---|---|---|
| Share of Total | Sep '21 | Sep '22 | Net Change | % Change | ||
| Taxable Retail | 100.0% | $51,246.4M | $61,099.6M | $9,853.2M | 19.2% | |
| Food Services and Drinking Places | 19.5% | $8,905.5M | $11,929.6M | $3,024.1M | 34.0% | |
| Motor Vehicle and Parts Dealers | 11.0% | $6,018.9M | $6,692.4M | $673.4M | 11.2% | |
| Merchant Wholesalers, Durable Goods | 7.1% | $3,557.0M | $4,312.3M | $755.3M | 21.2% | |
| Clothing and Clothing Accessories Stores | 7.1% | $3,422.2M | $4,366.5M | $944.4M | 27.6% | |
| General Merchandise Stores | 7.3% | $4,229.9M | $4,462.7M | $232.8M | 5.5% | |
| Building Material and Garden Equipment & Supplies | 4.9% | $2,537.6M | $2,970.9M | $433.3M | 17.1% | |
| Miscellaneous Store Retailers | 3.0% | $1,767.5M | $1,834.5M | $67.0M | 3.8% | |
| Rental and Leasing Services | 2.9% | $1,471.9M | $1,794.8M | $322.9M | 21.9% | |
| Food and Beverage Stores | 2.8% | $1,609.2M | $1,683.7M | $74.5M | 4.6% | |
| Electronics and Appliance Stores | 2.0% | $1,062.7M | $1,214.9M | $152.2M | 14.3% | |
Source: Nevada Department of Taxation
Commercial Real Estate Market
Office Market
Q3 '22
Vacancy Rate
14.3%
- -0.3% vs. Prior Yr.
- -0.4% vs. Prior Qtr.
Lease Rate
$2.16
- 4.3% vs. Prior Yr.
- 0.6% vs. prior Qtr.
Retail Market
Q3 '22
Vacancy Rate
5.5%
- -1.3% vs. Prior Yr.
- -0.3% vs. Prior Qtr.
Lease Rate
$1.89
- 2.2% vs. Prior Yr.
- 0.5% vs. Prior Qtr.
Industrial Market
Q3 '22
Vacancy Rate
4.7%
- -0.2% vs. Prior Yr.
- 0.1% vs. Prior Qtr.
Lease Rate
$0.73
- 1.5% vs. Prior Yr.
- 0.8% 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
Q1 '22
203.0
- -9.7% vs. Prior Yr.
- -10.9% vs. Prior Qtr.
Total Value
Q1 '22
$136,284,823
- 17.9% vs. Prior Yr.
- 3.5% vs. Prior Qtr.
Price Per Square Foot
Q1 '22
$15.41
- 30.5% vs. Prior Yr.
- 16.2% vs. Prior Qtr.