Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Nevada State Apartment Association and You

Nevada State Apartment Association and You

The Nevada State Apartment Association (NVSAA) is a non-profit organization who provides the Nevada multi-housing industry with legislative support, education and community outreach to benefit our membership and the communities we serve. The NVSAA is devoted to supporting the diversity, integrity and ever-changing environment of the multi-family industry. We are devoted to you.

Latest News

Recession Tumult Giving Way to Solid Growth in Las Vegas

Published: Wednesday, November 19, 2014

Rising visitor volume and growing payrolls in higher-paying professional and business services fields provide momentum to the expanding Las Vegas economy. Since hiring bottomed four years ago, local employers have added 100,000 jobs, generating new demand for rental housing. Construction payrolls remain well below the prior peak, but other employment sectors continue to come back respectably and new large-scale projects are emerging that will provide future employment opportunities. Development of new sports complexes will begin soon and a $4 billion casino project from the Genting Group has restarted following a sale of the site by the original developer. Signs of growth are evident in non-tourism segments. These include the $350 million downtown redevelopment spearheaded by Zappos that aims to create a live-work-play environment that would attract businesses and young workers to the area. Also, several power-generating stations for solar facilities are being developed in the Southwest submarket. Overall, the outlook for the metro’s apartment sector remains positive, with additional declines in vacancy forecast this year and next. Rising multifamily construction is a factor, though residents thus far have demonstrated a willingness to pay up for new amenity-laden rentals.

more


Jobs Up, Rents Up

Published: Friday, November 14, 2014

It’s a well-known fact that job growth drives an apartment market. In fact, effective rent growth correlates to job growth 83% of the time, according to Axiometrics studies.

more


Cap Rates Hit Record Lows in 3Q

Published: Tuesday, November 11, 2014

Cap rates hit historic lows in the third quarter -- falling 40 basis points (bps) to 5.9 percent, according to New York-based Real Capital Analytics (RCA). The previous low over the past decade was 6.1 percent, which occurred in the fourth quarter of 2012.

more


REIS Reports for Las Vegas, Nevada (September 2014 | Metro Analysis)

Published: Friday, November 7, 2014

Reis is the nation's most trusted provider of commercial real estate market data, research and analytics. For over 30 years, we have maintained an objective, transparent approach to data collection. We cover 275 metros and over 6,800 market segments across the Apartment, Office, Retail, Industrial, and Self-Storage sectors.

more


REIS Reports for Reno, Nevada (September 2014 | Metro Analysis)

Published: Friday, November 7, 2014

Reis is the nation's most trusted provider of commercial real estate market data, research and analytics. For over 30 years, we have maintained an objective, transparent approach to data collection. We cover 275 metros and over 6,800 market segments across the Apartment, Office, Retail, Industrial, and Self-Storage sectors.

more


More News >>


 

To better serve YOU, our NVSAA Members, this website will be
UPDATED on January 6th, 2015. If you would like to REGISTER for
UPCOMING EVENTS please contact the NVSAA Office at 702.436.7662.


To VIEW the 2015 EVENT CALENDAR please CLICK HERE.