City of Henderson

Current
Economic
Update

As of August 15, 2020
1
Henderson Employment
Unemployment Comparison
  • United States
  • Las Vegas MSA
  • Henderson
Source: U.S. Bureau of Labor Statistics
    Trailing 12-Months ($ Millions)
Clark County Taxable Retail Sales Category Share
of Total
May '19 May '20 Net
Change
%
Change
Taxable Retail Sales 100.0% $45,618.5 $44,383.8 -$1,234.8 -2.7%
Food Services and Drinking Places 20.5% $10,487.2 $9,119.4 -$1,367.8 -13.0%
Motor Vehicle and Parts Dealers 10.7% $5,033.3 $4,750.5 -$282.8 -5.6%
General Merchandise Stores 8.3% $3,660.2 $3,672.0 $11.9 0.3%
Merchant Wholesalers, Durable Goods 6.8% $3,007.9 $3,039.1 $31.2 1.0%
Clothing and Clothing Accessories Stores 6.4% $3,400.6 $2,835.5 -$565.1 -16.6%
Nonstore Retailers 5.1% $1,149.7 $2,272.9 $1,123.2 97.7%
Building Material and Garden Equipment & Supplies 4.4% $1,830.4 $1,940.9 $110.6 6.0%
Rental and Leasing Services 3.7% $1,640.6 $1,649.5 $8.9 0.5%
Food and Beverage Stores 3.2% $1,358.4 $1,428.9 $70.5 5.2%
Miscellaneous Store Retailers 2.9% $1,257.2 $1,296.5 $39.3 3.1%
Source: Nevada Department of Taxation
Office Market
Henderson
15.9%

Vacancy Rate

Q1 '20
-1.1% vs. prior yr
0.3% vs. prior QTR
$2.10

Lease Rate

Q1 '20
-0.0% vs. prior yr
0.0% vs. prior QTR
Las Vegas Area
14.4%
$2.05
Retail Market
Henderson
6.4%

Vacancy Rate

Q1 '20
-1.6% vs. prior yr
-0.1% vs. prior QTR
$1.66

Lease Rate

Q1 '20
8.9% vs. prior yr
-0.6% vs. prior QTR
Las Vegas Area
6.8%
$1.76
Industrial Market
Henderson
5.9%

Vacancy Rate

Q1 '20
0.8% vs. prior yr
1.3% vs. prior QTR
$0.78

Lease Rate

Q1 '20
11.1% vs. prior yr
12.7% vs. prior QTR
Las Vegas Area
7.1%
$0.67
Source: Applied Analysis
City of Henderson

Current
Economic
Update

As of August 15, 2020
2
Media Closing Price
Existing Home
New Home
  • Las Vegas Area
  • Henderson
Source: SalesTraq
Existing Home Closings
Henderson
New Home Closings
Henderson
Source: SalesTraq
Henderson Permits
Total Permits
Permit Value
Source: City of Henderson, Building & Fire Safety
Henderson Vacant Land
Transactions
180

Acres Sold

Q1 '20
40.4% vs. prior yr
-59.0% vs. prior QTR
$78,957,750

Total Value

Q1 '20
47.4% vs. prior yr
-19.4% vs. prior QTR
$437,973

Price per acre

Q1 '20
5.0% vs. prior yr
96.5% vs. prior QTR
Source: Applied Analysis; excludes resort transactions