Matrix Multifamily Las Vegas Report-May 2025 June 05, 2025

Las Vegas’ Solid Demand

Construction activity remained high in Las Vegas, with 1,142 units delivered in Q1 and 8,400 units underway as of March. Rent growth rebounded, up 0.2 percent on a T3 basis through March to $1,476, while occupancy increased 30 bps YoY to 93.5 percent in February.