Matrix Multifamily Las Vegas Report-August 2023 August 23, 2023

Las Vegas Benefits From Small Economic Gains

While YoY rent growth remained negative, down 3.3 percent through June, short-term rents saw a second consecutive month of increase, up 0.2 percent on a T3 basis, to $1,475. Las Vegas' job market rose 5.5 percent YoY through April, leading all major markets.