Las Vegas multifamily market report
Q4 2022

Inventory
Net absorption
With a slight increase in inventory (in units) and the decrease in net absorption seen in 2022 – Las Vegas’ net absorption as a share of inventory saw its first negative percentage in 20 years, ending the year at -1.6%.
Development activity
New projects continue to break ground across the Las Vegas market to supplement the influx of renters with 9,905 units under construction at the end of the year.
Total vacancy rate
Rental rates
Investment sales volume
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