Nevada State Apartment Association (NVSAA)

RENO – A report released this week by the Nevada State Apartment Association (NVSAA) shows apartment rents beginning to stabilize even while demand has accelerated, matching the strong levels of the past year. According to the report, local apartment rents increased by 11.7% through the end of the third quarter compared to 13.3% through the end of the second quarter. The … [Read more...] about NVSAA Report Shows Reno Apartment Market Stabilizing, but Demand for Housing Is Still Strong

LAS VEGAS – A report released this week by the Nevada State Apartment Association (NVSAA) shows Southern Nevada’s apartment market is beginning to stabilize, after a summer of rising rents and very low vacancy rates. The report, issued by the NVSAA based on data provided by CoStar, shows local apartment rents growing by more than 22% through the end of the third quarter of … [Read more...] about NVSAA Report Shows Las Vegas Apartment Market Is Stabilizing but Still Among Nation’s Fastest-Growing Markets

LAS VEGAS – A report released this week by the Nevada State Apartment Association (NVSAA) shows the ongoing eviction moratorium cost Nevada an estimated $12.6 million in lost revenue from sales and use taxes last year. However, the report showed there was no significant drop in property tax revenue to the state from the eviction ban, since Nevada property owners generally … [Read more...] about NVSAA Report Finds the Eviction Moratorium Cost Nevada More Than $12 Million in Lost Tax Revenue in 2020

RENO – A report released this week by the Nevada State Apartment Association (NVSAA) shows apartment rents and demand in the Reno-Sparks area continuing to accelerate due to the area’s evolving economy, robust in-migration and tight job market. According to the report, local apartment rents were seeing little growth on the eve of the pandemic due to supply-driven pressure, … [Read more...] about NVSAA Report Highlights Reno’s Rising Rents and Intense Demand for Housing

LAS VEGAS – A report released this week by the Nevada State Apartment Association (NVSAA) shows Southern Nevada’s apartment market is staying hot, with rising rents and very low vacancy rates, despite the economic challenges the area has endured during the pandemic. The report, issued by the NVSAA based on data provided by CoStar, shows local apartment rents growing by 18% … [Read more...] about NVSAA Report Shows Las Vegas Apartment Market Staying Hot in One of the Nation’s Fastest-Growing Markets

LAS VEGAS – A report released this week by the Nevada State Apartment Association (NVSAA) shows Southern Nevada’s apartment market staying strong, with rising rents and lower vacancy rates, despite the economic challenges it has endured over the past year. The report, issued by the NVSAA based on data provided by CoStar, shows local apartment rents growing by 9.3% through … [Read more...] about NVSAA Report Shows Demand for Las Vegas Apartments Stays Strong, Despite Southern Nevada’s Economic Challenges

RENO – A report released this week by the Nevada State Apartment Association (NVSAA) shows apartment demand in the Reno-Sparks area has not only matched the strong levels of recent years but has actually accelerated. Net absorption in 2020 soared to a new all-time high and demand has remained elevated in 2021. According to the report, local apartment rents were seeing little … [Read more...] about NVSAA Report Shows Reno Area Rents Still Rising As Demand Soars

RENO – A report released this week by the Nevada State Apartment Association (NVSAA) shows apartment rents in the Reno-Sparks area are still growing faster than the national average as demand reaches record levels. The report, issued by the NVSAA based on data provided by CoStar, shows apartment rents in the Reno-Sparks area increasing by 5.4% through the end of 2020 … [Read more...] about NVSAA Report Shows Reno Area Rents Still Rising as Demand Reaches Record Levels

LAS VEGAS – A report released this week by the Nevada State Apartment Association (NVSAA) shows the Southern Nevada apartment market holding up better than many had expected during the pandemic, with rents rising faster than the national average. The report, issued by the NVSAA based on data provided by CoStar, shows local apartment rents growing by 4.8% through the end of … [Read more...] about NVSAA Report Shows Las Vegas Apartment Market Holding up Better Than Expected, With Rents Still Growing Faster Than National Average

RENO – A report released this week by the Nevada State Apartment Association (NVSAA) shows local apartment rents surpassing their pre-pandemic peak and growing faster than the national average during the third quarter of 2020. The report, issued by the NVSAA based on data provided by CoStar, shows apartment rents in the Reno-Sparks area increasing by 5.0% from the same time … [Read more...] about NVSAA Report Shows Reno Area Rents Growing Faster Than National Average

LAS VEGAS – A report released this week by the Nevada State Apartment Association (NVSAA) shows local apartment rents surpassing their pre-pandemic peak, seemingly at odds with the economic downturn in Southern Nevada. The report, issued by the NVSAA based on data provided by CoStar, shows local rents growing by 4.2% from the same time last year and now averaging $1,128 per … [Read more...] about NVSAA Report Shows Las Vegas Area Apartment Rents Seemingly at Odds With Economic Downturn

RENO – The Nevada State Apartment Association, the voice of the multifamily housing industry in Nevada, announced the winners of its 7th annual Northern Nevada Jewel Awards honoring industry excellence. In a virtual presentation held Aug. 12, NVSAA honored companies and employees who make the multifamily industry successful. The event was originally scheduled to be held in … [Read more...] about Nevada State Apartment Association Announces Winners of 7th Annual Northern Nevada Jewel Awards

LAS VEGAS – The Nevada State Apartment Association (NVSAA) recognizes its members and residents are facing unprecedented pressures. Now that Nevada Gov. Steve Sisolak has temporarily suspended all evictions in the state, NVSAA is increasing its efforts to help residents and communities during the coronavirus pandemic. To protect those who rent, manage and own properties in … [Read more...] about NVSAA Working With Nevada Residents and Communities as State Issues Temporary Moratorium on Evictions During COVID-19 Pandemic

RENO – Apartment rents are leveling off in the Reno-Sparks area, thanks largely to the increasing number of units being built. So says a report released this week by the Nevada State Apartment Association (NVSAA). The report, issued by the NVSAA based on data provided by CoStar, shows the average asking rent for apartments in the Reno-Sparks metro area at the end of 2019 … [Read more...] about Nevada State Apartment Association Report Shows Rents Leveling off in Reno

LAS VEGAS – Apartment rents continue to rise in the Las Vegas area, though at a slower rate than recent years as more apartments are being built. So says a report released this week by the Nevada State Apartment Association (NVSAA). The report, issued by the NVSAA based on data provided by CoStar, shows the average asking rent for an apartment in the Las Vegas metro area at … [Read more...] about Nvsaa Report Shows Las Vegas Apartment Rents Rising More Slowly

LAS VEGAS – The Nevada State Apartment Association (NVSAA), the voice of the multifamily housing industry in Nevada, has announced its newly elected board of directors for 2020, led by incoming NVSAA President Phyllis Garcia, a regional manager for Ovation Property Management. In addition to Garcia, 2020 NVSAA officers include: • Troy Perkins, NVSAA vice president, with … [Read more...] about Nevada State Apartment Association Announces Newly Elected Board of Directors for 2020