Demand Strong, Supply Stronger
According to statistics provided by REIS, multifamily vacancy in Southern Nevada increased to 4.0 percent in the fourth quarter of 2018 (the most recent quarter of available data). Vacancy was 0.9 points higher than one year ago. Quarter-over-quarter, vacancy in Class A properties increased by 0.4 points to 5.0 percent and vacancy in Class B/C properties remained steady at 2.9 percent.
Have future reports delivered directly to your inbox - click here to subscribe to this and other regional e-mail delivery lists.