Going back to Spring 2020, Las Vegas appeared to be a local apartment market headed for trouble. However, the metro ended the year in surprisingly good shape, posting solid demand as well as an uptick in occupancy and rent achievement. While that’s good news, it’s questionable whether recent momentum can be sustained, given that the local economy is severely damaged and that the number of missed rent payments is unusually high. Join RealPage analysts for an examination of what’s shaping the apartment sector performance in Las Vegas and what’s likely to happen over the near term.
Discussion topics include:
- The Las Vegas economy and other apartment demand influences
- Apartment occupancy and rent change by product class
- Performance variation across the metro’s key neighborhoods
- Local construction activity
Carl Whitaker is a Real Estate Economist with RealPage’s Data Analytics division. At RealPage, Carl has specialized in creating industry presentations, market and submarket trend reports and crafting ways in which data can be more easily consumed and leveraged by clients. Carl holds degrees from the University of North Texas, including a Master of Science in Applied Geography.
Adam Couch
Market Analyst, RealPage, Inc.Adam Couch is a market analyst and has extensive experience researching economic and demographic trends that support clients in their investment decisions. He has been a featured speaker at several multifamily housing industry conferences and regularly provides commentary for national and local business media. Prior to joining RealPage, Adam worked at Fannie Mae, advising leadership on risk management for current pricing and acquisitions.
