Las Vegas retail rents grew faster than the national average for the ninth consecutive year and all signs point toward a tenth. At 6.6%, the average retail rent in the entertainment capital outpaced the national average of 3.6%. CoStar’s Base Case forecast calls for Las Vegas to outperform again in 2024, albeit with a slower pace of growth.
Las Vegas Retail Rent Growth Outperforms National Average for Ninth Straight Year
Retail Rents Increased by 6.6% Annually While Trend of Slowing Gains Continues
CoStar Analytics
March 7, 2024 | 8:51 P.M.
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