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2019 Q4 Las Vegas Multifamily Market Research Report

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MR LAS 19Q3 MFAM 1536x1040

Development Slows, Rents Rise

According to statistics provided by REIS, multifamily vacancy in Southern Nevada remained at 4.4 percent in the third quarter of 2019 (the most recent quarter of available data).

>> Multifamily inventory increased by 362 units in the third quarter of 2019

>> Demand nearly matched new supply

>> Vacancy remained 4.4 percent, while asking rents continued to increase



MR LAS 19Q4 MFAM 175x227

Vacancy was 0.7 points higher than one year ago. Quarter-over-quarter, vacancy in Class A properties remained 4.9 percent vacant in the third quarter, while Class B/C properties saw vacancy decrease from 4.0 percent to 3.9 percent.

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MR LAS 19Q2 MFAM 250x196

2019 Q4 Las Vegas Multifamily Market Research Report

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