L A S VEGA S RESE ARCH
Mixed News at the End of a Challenging Year. John Matt Stater Research & GIS Manager, SW Las Vegas john.stater@colliers.com
Southern Nevada’s economy took a major hit in 2020 with the closure of its retail and hospitality sectors. Prior to the Great Recession, Southern Nevada’s economy depended primarily on hospitality and construction. The nature of the Great Recession and its housing collapse went a long way to knocking one pillar of the local economy, construction, out from under it. Fortunately, the hospitality sector roared back to
JANUARY 2021
life and helped the Valley continue
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to thrive. Now, pillar number two has been knocked out from under Southern Nevada’s economy, if only temporarily.
