City of Las Vegas Employment
-
Employment
Jul '20
-
256,344
Unemployment Rate Comparison
-
Unemployment Rate
Jul '20
-
15.6%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
| Trailing 12-Months | ||||||
|---|---|---|---|---|---|---|
| Share of Total | Jun '19 | Jun '20 | Net Change | % Change | ||
| Taxable Retail | 100.0% | $45,901.5M | $43,834.8M | -$2,066.7M | -4.5% | |
| Food Services and Drinking Places | 19.9% | $10,501.1M | $8,702.7M | -$1,798.5M | -17.1% | |
| Motor Vehicle and Parts Dealers | 10.9% | $5,003.8M | $4,786.0M | -$217.8M | -4.4% | |
| General Merchandise Stores | 8.4% | $3,674.6M | $3,676.3M | $1.7M | 0.0% | |
| Merchant Wholesalers, Durable Goods | 6.9% | $3,039.7M | $3,039.8M | $0.1M | 0.0% | |
| Building Material and Garden Equipment & Supplies | 4.5% | $1,835.6M | $1,976.5M | $140.9M | 7.7% | |
| Clothing and Clothing Accessories Stores | 6.2% | $3,405.4M | $2,729.4M | -$676.0M | -19.9% | |
| Food and Beverage Stores | 3.3% | $1,352.5M | $1,443.7M | $91.2M | 6.7% | |
| Miscellaneous Store Retailers | 2.9% | $1,272.9M | $1,292.2M | $19.3M | 1.5% | |
| Rental and Leasing Services | 3.7% | $1,649.5M | $1,606.2M | -$43.2M | -2.6% | |
| Professional, Scientific, and Technical Services | 1.9% | $722.5M | $818.5M | $96.0M | 13.3% | |
Source: Nevada Department of Taxation
Commercial Real Estate Market
Office Market
Q2 '20
Vacancy Rate
13.1%
- -0.8% vs. Prior Yr.
- 0.4% vs. Prior Qtr.
Lease Rate
$2.05
- -0.1% vs. Prior Yr.
- 0.3% vs. prior Qtr.
Retail Market
Q2 '20
Vacancy Rate
6.4%
- -0.5% vs. Prior Yr.
- -0.2% vs. Prior Qtr.
Lease Rate
$1.79
- -6.1% vs. Prior Yr.
- -3.2% vs. Prior Qtr.
Industrial Market
Q2 '20
Vacancy Rate
6.0%
- -0.6% vs. Prior Yr.
- -0.3% vs. Prior Qtr.
Lease Rate
$0.68
- -1.3% vs. Prior Yr.
- 0.3% vs. Prior Qtr.
Housing Market
-
Existing Home
$290K
Jun '20
-
New Home
$452K
Jun '20
Home Closings
Existing Home
New Home
Source: SalesTraq
-
Existing Home
221
Jun '20
-
New Home
991
Jun '20
Permits
Total Permits
Permit Value
Source: SalesTraq
-
Total Permits
146
Aug '20
-
Permit Value
$70M
Aug '20
Vacant Land Transactions
Acres Sold
Q2 '20
399.6
- 689.3% vs. Prior Yr.
- 303.4% vs. Prior Qtr.
Total Value
Q2 '20
$103,493,689
- 444.4% vs. Prior Yr.
- 265.2% vs. Prior Qtr.
Price Per Square Foot
Q2 '20
$5.95
- -31.0% vs. Prior Yr.
- -9.5% vs. Prior Qtr.