Matrix Multifamily Las Vegas Report-December 2023 December 21, 2023

Las Vegas Softens

Las Vegas rent growth remained negative, down 0.2 percent on a T3 basis through October to $1,460 and 3.1 percent year-over-year, as employment growth slowed but remained strong at 4.7 percent. Developers delivered 1,977 units through October, with another 10,788 underway.