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Las Vegas - Apartment Market Trends in 2nd Quarter 2014

Published: Friday, July 18, 2014

The apartment vacancy rate in Las Vegas decreased by nearly one percentage point this quarter -
going from 9.7 percent in the first quarter of 2014 to 8.9 percent in the second quarter of 2014,
according to data from our apartment survey that are collected by the Center of Business and
Economic Research (CBER). The decrease in this vacancy rate was driven by occupancies in the
downtown and northern areas. The rest of Las Vegas saw vacancy rates similar to last quarter.
Overall, as figure 6 shows, the annual trend indicates that the vacancy rate is slowly decreasing.
The vacancy rate is now about 2 percent below its peak in 2009 (11 percent), but remains greater
than what it was in 2006 (4.5 percent).

Las Vegas Apartment Market Overview - June 2014

Published: Thursday, July 17, 2014

With over 2.6 million apartment units updated each month, ALN Apartment Data is one of the most complete and accurate data provider available anywhere in the country. The Las Vegas Apartment Market Overview for June 2014 is now available to view.

8 Road Warrior Rules for Customer Service

Published: Wednesday, July 16, 2014

“I’m just beyond delighted when my luggage actually arrives.” Sadly, Alex Jackiw isn’t alone. The airline industry is often a good (or, more accurately, bad) reflection of today’s fledgling customer service in general.

This Yearís Bump in Apartment Occupancy Has Come in a Handful of Markets

Published: Tuesday, July 15, 2014

While most apartment market observers – including the MPF Research team of analysts – anticipated that U.S. occupancy would backtrack a bit as deliveries accelerated during 2014, so far there’s been an encouraging move in the opposite direction. The 2Q occupancy number for the top 100 metros across the country came in at 95.6%, up a hair from mid-2013’s reading of 95.3%.

Renters Trading Size for Frills

Published: Monday, July 14, 2014

Katie Graham is living large. Just in a small apartment. She moved into the new ParkCentral tower in Nashville, Tennessee, for its gym, rooftop deck with heated pool, and the bars and restaurants in the neighborhood below. She didn’t mind the size of the 562-square-foot (52-square-meter) studio.

REIS Reports for Reno, Nevada (May 2014 | Metro Analysis)

Published: Tuesday, July 8, 2014

Reis is the nation's most trusted provider of commercial real estate market data, research and analytics. For over 30 years, we have maintained an objective, transparent approach to data collection. We cover 275 metros and over 6,800 market segments across the Apartment, Office, Retail, Industrial, and Self-Storage sectors.

REIS Reports for Las Vegas, Nevada (May 2014 | Metro Analysis)

Published: Tuesday, July 8, 2014

Reis is the nation's most trusted provider of commercial real estate market data, research and analytics. For over 30 years, we have maintained an objective, transparent approach to data collection. We cover 275 metros and over 6,800 market segments across the Apartment, Office, Retail, Industrial, and Self-Storage sectors.

Nevada State Bank Economic Briefing for June 2014

Published: Monday, July 7, 2014

Nevada’s post-recession economic recovery slowed somewhat during 2013, according to the annual gross state product (GSP) figures released by the Bureau of Economic Analysis in June 2014. Overall, the state’s economy grew 2.4 percent during 2013, generating a total of $132.0 billion in economic activity. This rate of growth was considerably slower than that seen in 2012, when the economy expanded by 4.5 percent over the previous year. With shifts in selected industries (e.g., mining) contributing to the overall slowdown, the latest data suggests Nevada’s overall rate of growth is under-performing compared to the nation as a whole, which grew by 3.4 percent during the same time frame.