Matrix Multifamily Las Vegas Report-May 2024 May 16, 2024

Strong Las Vegas Market Buoys Rents

Las Vegas posted strong economic expansion in 2023, up 4.1 percent and more than double the 2.0 percent national average, keeping demand healthy. Rents rose 0.3 percent on a T3 basis through March to $1,465, outperforming the national rate by 10 bps.