Dec
29
Cranes Keep the Strip in Growth Mode in Las Vegas
ByWith rents rising at the second-fastest rate in the nation by the end of October, the city’s multifamily market is enjoying a strong spell across the board.
With rents rising at the second-fastest rate in the nation by the end of October, the Las Vegas multifamily market is enjoying a strong spell across the board. Employment growth is driving significant population gains, resulting in more development. The city’s much-maligned housing market is nearing a full rebound to pre-downturn levels, on the back of household creation in rentals. A relatively low average rent of $974 has helped strengthen Sin City’s newfound appeal…
