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2021 Q3 Las Vegas Market Research Report

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Almost back to normal

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  • Southern Nevada’s economy is still recovering from 2020
  • Hospitality is 70% of normal; home sales are strong
  • Recovery could be complete by as early 2022


Southern Nevada’s economy is firing on all cylinders, even though those cylinders may not be firing at full power. The economy has recovered dramatically from 2020’s “lockdown recession” a an important point, since as usual there were voices proclaiming once again the death of Las Vegas but things are not quite back to normal yet.

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2021 Q3 Las Vegas Market Research Report

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Related Experts

John Stater

Research Manager

Las Vegas

John has managed the research and GIS (Geographic Information Services) departments at Colliers’ Las Vegas office for more than two decades. During that time he has been collecting, analyzing and reporting on the commercial real estate market of Las Vegas, NV, building the research department at Colliers International's Las Vegas from the ground up, establishing a database of properties, availabilities and lease and sales comps with over 20,000 records covering the industrial, office, retail, land, multifamily, hospitality, medical office markets, as well as Southern Nevada's economy in general. He also writes for the Vegas CRE Insider blog. As his office's GIS manager, he produces local, regional and national maps.

In his spare time, John writes, designs and publishes games and does freelance work in the game industry and economic research.

 

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Aaron West

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Colliers in Las Vegas is a full-service commercial real estate firm, providing integrated services to clients locally and globally.  As Managing Director, Aaron West manages brokerage operations and service lines in Las Vegas with a key focus on new business development, talent recruitment and retention.

Aaron and his  team provide best in class service and results to their clients, including owners, occupiers, investors and developers.  The team accomplishes this through dedication to the constant pursuit of improvement, and by creating unsurpassed intellectual capital within the market.

With more than 10 years of leadership experience in business development and lead generation, he brings a robust skillset and comprehensive industry knowledge to Colliers including technology delivery, platform optimization, marketing and research, labor market intelligence, leasing solutions, and transaction reporting systems.

Prior to joining Colliers, Aaron  served as a Vice President for CBRE where he was a leader on one of the firm's top producing multi-market brokerage teams, representing both national and international corporate clients.

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