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2019 Q3 Las Vegas Multifamily Market Research Report

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MR LAS 19Q3 MFAM 1536x1040

Waiting for the Next Wave

According to statistics provided by REIS, multifamily vacancy in Southern Nevada remained at 4.2 percent in the second quarter of 2019 (the most recent quarter of available data).

>> Multifamily inventory increased by 210 units in the second quarter of 2019

>> Net absorption moved back into positive territory

>> Vacancy remained 4.2 percent, while asking rents continued to increase



MR LAS 19Q3 RET 175x227

Vacancy was 0.8 points higher than one year ago. Quarter-over-quarter, vacancy in Class A properties decreased by 0.1 points to 4.6 percent and vacancy in Class B/C properties remained stable at 3.8 percent.

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MR LAS 19Q2 MFAM 250x196

2019 Q3 Las Vegas Multifamily Market Research Report

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