Wednesday, June 10, 2026
Family Office Briefing on research byLee & Associates·Jan 27, 2026

2025 Q4 Las Vegas, NV - Multifamily

Las Vegas multifamily market shows resilience with 10.3% vacancy in Q4 2025 — family offices should consider co-GP opportunities with disciplined operators.

MultifamilyLas VegasNevada2025

Key Metrics

MetricValue
Vacancy Rate10.3%
Asking Rent/Unit1457.00$
Sale Price/Unit220185$
Cap Rate5.20%
Under Construction Units4965units

Metrics extracted from the source report and independently fact-checked. Method →

Building a thesis around Las Vegas? Share it confidentially with the Thesis Exchange — we pair you anonymously with family offices running adjacent multifamily strategies.

Peer Network · By Invitation

The Thesis Exchange

Share an investment thesis in confidence. We pair you anonymously with up to two other family offices running adjacent strategies. Reviewed by Gallium's editorial team. No vendor pitch.