May brought exciting news to the Las Vegas Real Estate market. With home prices slowly rising, commercial real estate rentals going up and the investment to revitalize downtown and Fremont Street, there seem to be many reasons to get into the business of real estate in Las Vegas. Now is the time!
Cheap leasing rates and the increase of business startups in Las Vegas have increased commercial real estate sales and rentals in recent months. Strip malls and office buildings that have sat empty are finally filling up with franchises and small, local businesses.
Read more about the Las Vegas Commercial Real Estate Comeback!
Downtown Las Vegas and Fremont Street are seeing some amazing changes beginning last month when The Downtown Project, a Zappos affiliated project run by CEO Tony Hsieh, invested $350 million in the redevelopment of the downtown area to include newer, modernized commercial and residential real estate.
When the Sahara casino closed down in May 2011, many saw it as the end of an era. However, plans are in the works to begin development of a new Sahara on the north end of the Vegas Strip. The new Sahara, to be called the SLS Las Vegas, is expect to open in 2012.
After years of falling real estate prices in addition to homes and business spaces sitting empty, we are finally seeing an increase in real estate sales and a growth of the Las Vegas economy. It’s a truly exciting time to be in the business of Real Estate in Las Vegas!
Learn how to become a real estate agent with eRealty to claim your piece of this growing financial pie.
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