City of Las Vegas Employment
-
Employment
Jun '25
-
326,271
Unemployment Rate Comparison
-
Unemployment Rate
Jun '25
-
6.0%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
Trailing 12-Months | ||||||
---|---|---|---|---|---|---|
Share of Total | May '24 | May '25 | Net Change | % Change | ||
Taxable Retail | 100.0% | $66,142.7M | $64,557.4M | -$1,585.3M | -2.4% |
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
-
Existing Home
$419K
Dec '24
-
New Home
$584K
Dec '24
Home Closings
Existing Home
New Home
Source: SalesTraq
-
Existing Home
654
Dec '24
-
New Home
230
Dec '24
Permits
Total Permits
Permit Value
Source: SalesTraq
-
Total Permits
157
Feb '23
-
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.