June 5, 2025
Matrix Multifamily Las Vegas Report-May 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.
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