Las Vegas is the 28th largest multifamily market with 180,818 completed units and 29,904 units in development, 5,777 of which have already broken ground, as of December 2021.
Las Vegas Multifamily Market Summary – December 2021
New lease asking rents are at $1,438, up 22.1%▲
from the previous year placing Las Vegas at 7th
overall in year-over-year rent growth.