Las Vegas fundamentals remained mixed, with modest seasonal gains set against tepid year-over-year performance and softening occupancy, according to the latest Las Vegas multifamily market report. Average advertised asking rents rose 0.2%, on a trailing three-month basis through June, to $1,478, matching the U.S. increase to $1,763. Year-over-year, rents slid 0.9%, while the national average rose 0.2%, as reported in the U.S. multifamily market report<\/strong><\/a>. The occupancy rate in stabilized properties fell 90 basis points year-over-year, to 92.6% in June, pointing to rising absorption pressures.<\/p>\n\n\n