Las Vegas Market Research Report Q2 2025

Market Overview

In Q2 2025, multifamily vacancy in Southern Nevada held steady at 5.3 percent, reflecting continued market resilience amid shifting regional dynamics. Average asking rents were around $1,474 per unit, showing either slight quarter-over-quarter decrease or stability depending on location. This suggests a balanced equilibrium between rental performance and occupancy in the current cycle.

About Colliers

Colliers is a leading global real estate services firm headquartered in Toronto, with a footprint spanning more than 60 countries. The firm specializes in brokerage, capital markets, valuation, advisory, and research services. Colliers’ multifamily market reports leverage rigorous data and local insights to guide investors, owners, and developers in understanding and navigating evolving market fundamentals.