Matrix Multifamily Las Vegas Report-Summer 2021 August 25, 2021

Rents rise in Las Vegas

Las Vegas rents rose 1.7% on a T3 basis through June to $1,278, 60 basis points above the national average. The employment market posted a 4.4% contraction in the 12 months ending in May, trailing the -1.9% U.S. rate.