August 21, 2024
Matrix Multifamily Las Vegas Report-August 2024
Rent, Occupancy Rebound in Vegas
Bolstered by one of the highest employment growth rates in the nation, Las Vegas’ rent growth is on an upward trend, with advertised asking rents up 0.5 percent on a T3 basis in June to $1,484. The occupancy rate bucked national trends, rising 40 bps year-over-year as of May to 93.3 percent.
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