City of Las Vegas Employment
-
Employment
Dec '22
-
299,424
Unemployment Rate Comparison
-
Unemployment Rate
Dec '22
-
5.5%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
| Trailing 12-Months | ||||||
|---|---|---|---|---|---|---|
| Share of Total | Oct '21 | Oct '22 | Net Change | % Change | ||
| Taxable Retail | 100.0% | $52,424.9M | $61,612.2M | $9,187.3M | 17.5% | |
| Food Services and Drinking Places | 19.5% | $9,329.4M | $12,013.5M | $2,684.1M | 28.8% | |
| Motor Vehicle and Parts Dealers | 10.9% | $6,087.6M | $6,721.6M | $634.0M | 10.4% | |
| Merchant Wholesalers, Durable Goods | 7.1% | $3,561.5M | $4,384.1M | $822.6M | 23.1% | |
| Clothing and Clothing Accessories Stores | 7.1% | $3,543.0M | $4,378.8M | $835.8M | 23.6% | |
| General Merchandise Stores | 7.2% | $4,289.7M | $4,453.5M | $163.8M | 3.8% | |
| Building Material and Garden Equipment & Supplies | 4.8% | $2,582.8M | $2,968.3M | $385.6M | 14.9% | |
| Rental and Leasing Services | 3.0% | $1,513.8M | $1,824.7M | $310.9M | 20.5% | |
| Miscellaneous Store Retailers | 3.0% | $1,794.1M | $1,849.1M | $55.1M | 3.1% | |
| Food and Beverage Stores | 2.7% | $1,608.4M | $1,693.8M | $85.4M | 5.3% | |
| Professional, Scientific, and Technical Services | 1.8% | $980.4M | $1,135.0M | $154.6M | 15.8% | |
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
-
Existing Home
$375K
Dec '21
-
New Home
$542K
Dec '21
Home Closings
Existing Home
New Home
Source: SalesTraq
-
Existing Home
1,401
Dec '21
-
New Home
199
Dec '21
Permits
Total Permits
Permit Value
Source: SalesTraq
-
Total Permits
360
May '22
-
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.