May 11	vs. 3 mo. prior	Y-O-Y
- State	$6.45	-1.9%	-7.1%
- Metro	$6.50	-2.4%	-12.1%
- County	$6.53	-2.4%	-12.2%
- City	$6.91	-3.4%	-12.0%

The average asking rental rate per sq ft/year for Industrial properties in Las Vegas, NV as of May 11 was $6.91. This represents a decrease of -3.4% compared to the prior 3 months, with a decrease of -12.0% year-over-year. County-wide, average rental rates in Las Vegas are -2.4% lower at $6.53 per sq ft/year for Industrial properties currently for lease.

	May 11	vs. 3 mo. prior	Y-O-Y
- State	$87	-3.6%	-26.0%
- Metro	$98	-1.6%	-24.6%
- County	$99	-1.5%	-23.7%
- City	$104	-1.9%	-20.2%

Current Las Vegas market trends data indicates a decrease of -1.9% in the median asking price per sq ft for Industrial properties compared to the prior 3 months, with a decrease of -20.2% compared to last year’s prices. County-wide, asking prices for Industrial properties are -1.5% lower at $99 per sq ft compared to the current median price of $104 per sq ft for Industrial properties in Las Vegas, NV.

	May 11	vs. 3 mo. prior	Y-O-Y
- State	$50,287	-0.7%	-23.4%
- Metro	$43,772	-0.8%	-32.2%
- County	$44,915	-2.1%	-30.5%
- City	$47,265	-8.8%	-27.3%

Current Las Vegas market trends data indicates a decrease of -8.8% in the median asking price per unit for Multifamily properties compared to the prior 3 months, with a decrease of -27.3% compared to last year’s prices. County-wide, asking prices for Multifamily properties are -2.1% lower at $44,915 per unit compared to the current median price of $47,265 per unit for Multifamily properties in Las Vegas, NV.

	May 11	vs. 3 mo. prior	Y-O-Y
- State	$15.98	-0.7%	-8.3%
- Metro	$16.19	-0.5%	-10.3%
- County	$16.25	-0.5%	-10.3%
- City	$16.51	+0.1%	-9.7%

The average asking rental rate per sq ft/year for Office properties in Las Vegas, NV as of May 11 was $16.51. This represents an increase of 0.1% compared to the prior 3 months, with a decrease of -9.7% year-over-year. County-wide, average rental rates in Las Vegas are -0.5% lower at $16.25 per sq ft/year for Office properties currently for lease.

	May 11	vs. 3 mo. prior	Y-O-Y
- State	$133	-3.3%	-28.0%
- Metro	$124	-2.1%	-33.7%
- County	$125	-2.1%	-32.9%
- City	$126	-2.1%	-34.0%

Current Las Vegas market trends data indicates a decrease of -2.1% in the median asking price per sq ft for Office properties compared to the prior 3 months, with a decrease of -34.0% compared to last year’s prices. County-wide, asking prices for Office properties are -2.1% lower at $125 per sq ft compared to the current median price of $126 per sq ft for Office properties in Las Vegas, NV.

	May 11	vs. 3 mo. prior	Y-O-Y
- State	$15.25	-3.5%	-20.8%
- Metro	$15.08	-4.1%	-28.0%
- County	$15.27	-4.3%	-27.0%
- City	$15.28	-4.2%	-22.4%

The average asking rental rate per sq ft/year for Retail Commercial properties in Las Vegas, NV as of May 11 was $15.28. This represents a decrease of -4.2% compared to the prior 3 months, with a decrease of -22.4% year-over-year. County-wide, average rental rates in Las Vegas are -4.3% lower at $15.27 per sq ft/year for Retail Commercial properties currently for lease.

	May 11	vs. 3 mo. prior	Y-O-Y
- State	$172	+2.7%	-14.3%
- Metro	$187	+4.6%	-13.3%
- County	$192	+4.2%	-13.9%
- City	$204	+3.5%	-16.0%

Current Las Vegas market trends data indicates an increase of +3.5% in the median asking price per sq ft for Retail Commercial properties compared to the prior 3 months, with a decrease of -16.0% compared to last year’s prices. County-wide, asking prices for Retail Commercial properties are 4.2% higher at $192 per sq ft compared to the current median price of $204 per sq ft for Retail Commercial properties in Las Vegas, NV.