Matrix Multifamily Las Vegas Report-August 2022

Las Vegas’ Summertime Cooldown

A slowdown in demand put a 140-basis-point hole in the occupancy rate in stabilized properties, causing Las Vegas’ rent growth to moderate. Through June, it was up just 0.6 percent on a T3 basis, to $1,525. Deliveries also lagged, with just 216 units brought online, but investment remained high.

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