City of Las Vegas Employment
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Employment
Feb '21
-
281,288
Unemployment Rate Comparison
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Unemployment Rate
Feb '21
-
9.4%
Source: Bureau of Labor Statistics - Local Area Unemployment Statistics
Clark County Taxable Retail Sales
| Trailing 12-Months | ||||||
|---|---|---|---|---|---|---|
| Share of Total | Jan '20 | Jan '21 | Net Change | % Change | ||
| Taxable Retail | 100.0% | $47,772.9M | $41,111.4M | -$6,661.6M | -13.9% | |
| Food Services and Drinking Places | 15.0% | $10,973.0M | $6,171.8M | -$4,801.1M | -43.8% | |
| Motor Vehicle and Parts Dealers | 11.8% | $5,113.6M | $4,857.0M | -$256.6M | -5.0% | |
| General Merchandise Stores | 9.0% | $3,741.2M | $3,706.1M | -$35.2M | -0.9% | |
| Merchant Wholesalers, Durable Goods | 7.4% | $3,162.7M | $3,049.6M | -$113.1M | -3.6% | |
| Clothing and Clothing Accessories Stores | 5.4% | $3,467.9M | $2,229.2M | -$1,238.7M | -35.7% | |
| Building Material and Garden Equipment & Supplies | 5.3% | $1,847.1M | $2,159.1M | $312.0M | 16.9% | |
| Miscellaneous Store Retailers | 3.3% | $1,372.0M | $1,361.7M | -$10.3M | -0.7% | |
| Food and Beverage Stores | 3.8% | $1,386.4M | $1,555.0M | $168.6M | 12.2% | |
| Rental and Leasing Services | 3.0% | $1,766.2M | $1,243.7M | -$522.5M | -29.6% | |
| Furniture and Home Furnishings Stores | 2.1% | $875.5M | $857.0M | -$18.5M | -2.1% | |
Source: Nevada Department of Taxation
Commercial Real Estate Market
Office Market
Q4 '20
Vacancy Rate
15.3%
- 2.3% vs. Prior Yr.
- 0.9% vs. Prior Qtr.
Lease Rate
$2.03
- -1.6% vs. Prior Yr.
- 0.5% vs. prior Qtr.
Retail Market
Q4 '20
Vacancy Rate
7.0%
- 0.2% vs. Prior Yr.
- 0.1% vs. Prior Qtr.
Lease Rate
$1.83
- -1.4% vs. Prior Yr.
- -3.9% vs. Prior Qtr.
Industrial Market
Q4 '20
Vacancy Rate
6.0%
- 0.0% vs. Prior Yr.
- 0.2% vs. Prior Qtr.
Lease Rate
$0.71
- 3.1% vs. Prior Yr.
- 1.0% vs. Prior Qtr.
Housing Market
-
Existing Home
$308K
Jan '21
-
New Home
$435K
Jan '21
Home Closings
Existing Home
New Home
Source: SalesTraq
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Existing Home
115
Jan '21
-
New Home
1,073
Jan '21
Permits
Total Permits
Permit Value
Source: SalesTraq
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Total Permits
200
Feb '21
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Permit Value
$66M
Feb '21
Vacant Land Transactions
Acres Sold
Q4 '20
226.6
- -27.7% vs. Prior Yr.
- 523.9% vs. Prior Qtr.
Total Value
Q4 '20
$133,371,503
- -27.1% vs. Prior Yr.
- 725.0% vs. Prior Qtr.
Price Per Square Foot
Q4 '20
$13.51
- 0.8% vs. Prior Yr.
- 32.2% vs. Prior Qtr.