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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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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

Managing Director

Las Vegas

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