Vegas Rental Market Stats!~Commercial News
Highlights Commercial~ NAR latest Commercial Outlook
- Macroeconomic conditions continued improving at a moderate pace in the second quarter of this year.
- Demand for commercial lease space continued advancing in the second quarter of 2015, rebounding from the soft performance of the wintry first quarter.
- While construction has been ramping up across all property types, the gap between demand and supply continued to add downward pressure on availability.
- The apartment sector was the only exception, as new supply exceeded demand this year, resulting in a slight increase in vacancies.
Las Vegas Residential Rental Market Statistics 2015 – 2016
What are the rental vacancy rates in Las Vegas? 5.1%. What is the median rent in Las Vegas? $1,000. How many people live in Las Vegas? 2 million. What are the percentage of renters in Las Vegas? 48%. What is the median household income in Clark County? $51,214 .
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Securing great tenants is in everyone’s best interest. We use a state-of-the-art resident screening process that looks at such things as income, credit, rent payment history, employment history, background check and other factors that indicate the likelihood the tenant we place in the home will perform according to his/her obligations under the rental contract.
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