City of Las Vegas Employment
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Employment
Nov '20
-
273,612
Unemployment Rate Comparison
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Unemployment Rate
Nov '20
-
11.4%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
| Trailing 12-Months | ||||||
|---|---|---|---|---|---|---|
| Share of Total | Oct '19 | Oct '20 | Net Change | % Change | ||
| Taxable Retail | 100.0% | $46,881.7M | $42,384.3M | -$4,497.4M | -9.6% | |
| Food Services and Drinking Places | 17.3% | $10,817.5M | $7,351.4M | -$3,466.2M | -32.0% | |
| Motor Vehicle and Parts Dealers | 11.5% | $5,038.9M | $4,863.9M | -$175.1M | -3.5% | |
| General Merchandise Stores | 8.7% | $3,711.1M | $3,699.6M | -$11.6M | -0.3% | |
| Merchant Wholesalers, Durable Goods | 7.2% | $3,148.2M | $3,052.0M | -$96.2M | -3.1% | |
| Clothing and Clothing Accessories Stores | 5.9% | $3,413.6M | $2,501.3M | -$912.3M | -26.7% | |
| Building Material and Garden Equipment & Supplies | 4.9% | $1,848.5M | $2,061.8M | $213.3M | 11.5% | |
| Food and Beverage Stores | 3.6% | $1,356.6M | $1,518.1M | $161.5M | 11.9% | |
| Miscellaneous Store Retailers | 3.2% | $1,330.0M | $1,335.5M | $5.5M | 0.4% | |
| Rental and Leasing Services | 3.2% | $1,769.5M | $1,368.1M | -$401.4M | -22.7% | |
| Furniture and Home Furnishings Stores | 1.9% | $867.6M | $824.9M | -$42.6M | -4.9% | |
Source: Nevada Department of Taxation
Commercial Real Estate Market
Office Market
Q3 '20
Vacancy Rate
14.3%
- 1.0% vs. Prior Yr.
- 1.3% vs. Prior Qtr.
Lease Rate
$2.02
- -2.2% vs. Prior Yr.
- -1.4% vs. prior Qtr.
Retail Market
Q3 '20
Vacancy Rate
6.8%
- -0.3% vs. Prior Yr.
- 0.7% vs. Prior Qtr.
Lease Rate
$1.89
- -1.7% vs. Prior Yr.
- 3.1% vs. Prior Qtr.
Industrial Market
Q3 '20
Vacancy Rate
6.1%
- -0.5% vs. Prior Yr.
- 0.1% vs. Prior Qtr.
Lease Rate
$0.70
- 2.4% vs. Prior Yr.
- 2.3% vs. Prior Qtr.
Housing Market
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Existing Home
$295K
Oct '20
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New Home
$473K
Oct '20
Home Closings
Existing Home
New Home
Source: SalesTraq
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Existing Home
136
Oct '20
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New Home
1,319
Oct '20
Permits
Total Permits
Permit Value
Source: SalesTraq
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Total Permits
169
Oct '20
-
Permit Value
$61M
Oct '20
Vacant Land Transactions
Acres Sold
Q3 '20
36.3
- -72.4% vs. Prior Yr.
- -90.9% vs. Prior Qtr.
Total Value
Q3 '20
$16,166,360
- -83.2% vs. Prior Yr.
- -84.4% vs. Prior Qtr.
Price Per Square Foot
Q3 '20
$10.22
- -39.1% vs. Prior Yr.
- 71.9% vs. Prior Qtr.