August 26, 2026

Matrix Multifamily Las Vegas Report – August 2026

Las Vegas catches a supply break

Las Vegas deliveries slowed to 474 units through June, representing 0.2 percent of stock, after heavier 2024–2025 supply waves. Advertised asking rents fell 0.9 percent YoY to $1,478, while occupancy slipped 80 bps YoY to 92.6 percent.

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