Page 37 - Las Vegas LVQR Market Research Report Q1 2024
P. 37
Multifamily
Las Vegas 24Q1
Submarket Snapshot
Central North Las Vegas Summerlin/The Lakes
Avg Rent/Unit QOQ Avg Rent/Unit QOQ Avg Rent/Unit QOQ
$1,238 $1,491 $1,688
Avg Rent/SF Avg Rent/SF Avg Rent/SF
$1.67 QOQ $1.49 QOQ $1.64 QOQ
Vacancy Rate QOQ Vacancy Rate QOQ Vacancy Rate QOQ
6.28% 7.44% 7.42%
East Las Vegas Northwest Sunrise Manor/Northeast
Avg Rent/Unit QOQ Avg Rent/Unit QOQ Avg Rent/Unit QOQ
$1,312 $1,500 $1,260
Avg Rent/SF Avg Rent/SF Avg Rent/SF
$1.49 QOQ $1.55 QOQ $1.42 QOQ
Vacancy Rate QOQ Vacancy Rate QOQ Vacancy Rate QOQ
7.61% 6.71% 7.61%
Green Valley South University/The Strip
Avg Rent/Unit Avg Rent/Unit Avg Rent/Unit
$1,574 QOQ $1,619 QOQ $1,218 QOQ
Avg Rent/SF QOQ Avg Rent/SF QOQ Avg Rent/SF QOQ
$1.65 $1.63 $1.50
Vacancy Rate QOQ Vacancy Rate QOQ Vacancy Rate QOQ
6.06% 5.09% 7.09%
Henderson Southwest West
Avg Rent/Unit Avg Rent/Unit Avg Rent/Unit
$1,651 QOQ $1,706 QOQ $1,331 QOQ
Avg Rent/SF QOQ Avg Rent/SF QOQ Avg Rent/SF QOQ
$1.62 $1.70 $1.58
Vacancy Rate QOQ Vacancy Rate QOQ Vacancy Rate QOQ
6.42% 6.40% 7.26%
Colliers | Las Vegas | 24Q1 | Multifamily Report 4
