City of Las Vegas Employment
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Employment
Aug '20
-
259,317
Unemployment Rate Comparison
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Unemployment Rate
Aug '20
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14.7%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
| Trailing 12-Months | ||||||
|---|---|---|---|---|---|---|
| Share of Total | Jul '19 | Jul '20 | Net Change | % Change | ||
| Taxable Retail | 100.0% | $46,032.8M | $43,496.9M | -$2,535.9M | -5.5% | |
| Food Services and Drinking Places | 19.1% | $10,736.3M | $8,327.1M | -$2,409.2M | -22.4% | |
| Motor Vehicle and Parts Dealers | 11.1% | $4,994.4M | $4,813.9M | -$180.5M | -3.6% | |
| General Merchandise Stores | 8.5% | $3,684.2M | $3,678.0M | -$6.1M | -0.2% | |
| Merchant Wholesalers, Durable Goods | 7.0% | $3,090.0M | $3,033.1M | -$57.0M | -1.8% | |
| Clothing and Clothing Accessories Stores | 6.1% | $3,412.0M | $2,650.8M | -$761.2M | -22.3% | |
| Building Material and Garden Equipment & Supplies | 4.6% | $1,843.1M | $1,990.5M | $147.4M | 8.0% | |
| Food and Beverage Stores | 3.4% | $1,351.5M | $1,464.1M | $112.6M | 8.3% | |
| Miscellaneous Store Retailers | 3.0% | $1,288.1M | $1,300.5M | $12.4M | 1.0% | |
| Rental and Leasing Services | 3.6% | $1,652.8M | $1,566.1M | -$86.8M | -5.2% | |
| Furniture and Home Furnishings Stores | 1.8% | $845.2M | $787.4M | -$57.8M | -6.8% | |
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
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Existing Home
$293K
Jul '20
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New Home
$472K
Jul '20
Home Closings
Existing Home
New Home
Source: SalesTraq
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Existing Home
182
Jul '20
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New Home
1,356
Jul '20
Permits
Total Permits
Permit Value
Source: SalesTraq
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Total Permits
146
Aug '20
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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.