Las Vegas monthly apartment rent growth breaks losing streak
The average rent ticked up 0.4% month over month in January
After eight consecutive months of declining rents, Las Vegas finally broke its losing streak in January. The average apartment rent in the metropolitan area increased 0.4% in the f...
Small bay industrial demand outperforms big box in Las Vegas
Demand for sub-100,000-square-foot industrial spaces drives Las Vegas market
While demand for big box space underwhelms, small bay space is driving leasing activity in the Las Vegas industrial market.
Record demand for apartments stabilizes Ogden, Utah, market
Construction moderates, rents post minor loss
Annual demand for Ogden, Utah, apartments in 2024 was the highest ever as occupancy gains registered more than 1,800 units. Annual completions declined to a five-year low of approx...
Historic vacancy spike cools Las Vegas' industrial rent growth, investment
Rise in Las Vegas industrial vacancy rate resembles Great Recession
A lot can change in one year. At the start of 2024, the industrial vacancy rate in Las Vegas was 3.4%, near an all-time low. By the end of the year, it had spiked to 9.2%, almost a...
2024 marked turning point for Las Vegas apartment market
Demand outpaces supply for the first time in three years; rents stabilize
The Las Vegas apartment market endured one of the nation’s sharpest vacancy jumps from 2022 to 2023, but steadied the ship in 2024.
Downtown remains epicenter of multifamily development in Salt Lake City
West Salt Lake City, Sugar House increase groundbreakings
While the number of units under construction in downtown Salt Lake City has steadily declined from the all-time high in 2022, the bulk of the metropolitan area’s pipeline remains i...
Las Vegas industrial pipeline has declined more than 50 percent from peak
Less than eight million square feet of industrial space underway at end of 2024
A rising vacancy rate, tapering demand and cooling rent growth have forced industrial developers to think twice before breaking ground in Las Vegas.
Salt Lake City industrial pipeline falls 80% from peak
Higher vacancy, slowing demand cause developers trepidation
Salt Lake City’s industrial market continues to see fewer groundbreakings as it recovers from a glut of new supply. The construction pipeline peaked at 11.5 million square feet in ...
Downtown Las Vegas apartment pipeline swells as suburban development subsides
Elevated vacancy rate, stagnant rent growth has many developers pulling back
The historic wave of apartment completions in Las Vegas over the past five years largely missed downtown. Now, apartment developers are attempting to capitalize on the trend by bri...
Suburban retail rent growth outperforms the Las Vegas Strip
Three of top-five submarkets exceed 5% annual gains
The Las Vegas Strip may be the epicenter of the local and state economy, but the suburbs are exhibiting the strongest retail rent growth.
Salt Lake City rent growth slows in all assets except retail
The capital ranks among top markets in the state for retail gains
Rent growth is slowing across all asset classes in Salt Lake City, save for retail. Five suburban submarkets are above 10% annual rent growth—Central Valley East, West Valley/Lake ...
Salt Lake City industrial rent growth moderates, remains above national average
Annual rent gains slowed across the Utah capital’s submarkets
Salt Lake City is mirroring the national trend of slowing industrial rent growth but has still outpaced the U.S. average.
Industrial rent growth continues to decelerate across Las Vegas
New construction and unimpressive demand loom over industrial sector’s outlook
The trend of slowing industrial rent growth continues to play out in Las Vegas. No submarket exceeded 3% annual growth as of early December, and the market average was 2.2%. Las Ve...
These two mountain markets are among nation’s leaders in retail rent growth
Demographics, limited space availability drive healthy gains in Phoenix, Las Vegas
Just four retail markets west of the Mississippi River ranked in the top 15 for annual retail rent growth in the third quarter of 2024, with Phoenix and Las Vegas cracking the top ...
Renter concessions help stabilize Salt Lake City’s apartment market
Roughly 40% of apartments offered concessions in October
About 40% of Salt Lake City apartments offered renter concessions in October, down from more than 50% in September. This represented the third straight month the number of apartmen...
Apartment rents decline 1.7% year to date in Salt Lake City
October represents fourth straight month of rent declines
The average Salt Lake City apartment rent has fallen by 1.7% year to date, against the backdrop of elevated vacancies from supply pressure. Rent growth is on track to register a se...
Las Vegas apartment rents continue to fall in October
The average rent decreased 0.5% month over month, negating year-to-date gains
The average rent in the Las Vegas apartment market fell 0.4% month over month at the end of September, representing the fifth straight month of declines. The monthly losses have ne...
Two out of five Las Vegas apartments offered renter concessions in October
Apartment demand rises, but vacancy rate remains historically high
Roughly 43% of Las Vegas apartments offered renter concessions in October, representing the seventh month the market has been above the 40% threshold this year. Attractive concessi...
Las Vegas apartment rents decline for fifth consecutive month
The average rent decreased month over month in September, paring year-to-date gains
The average rent in the Las Vegas apartment market fell 0.4% month over month at the end of September, representing the fifth straight month of declines. The current trend has pare...
More than 50% of Las Vegas apartments offer concessions for third straight month
Market continues to heal from historically high vacancy rate
More than 55% of Las Vegas apartments were offering renter concessions in August, the third consecutive month the market has been above the 50% threshold. Concessions are playing a...