The NVSAA offers a variety of educational offerings throughout the year to fit the needs of rental property owners, mid-to upper-level management company executives, property supervisors, maintenance supervisors and on-site personnel. These offerings INCLUDE online education as well. Visit NVSAA's Online University to learn more.
Education is critical in expanding and improving the multifamily industry. NVSAA's education program was designed and organized by your NVSAA Education Committee. The key to the success in our industry -- and that of our businesses individually -- lies in creating educated professionals who understand important issues and have top notch skills. Not only does education make for better management and better employees but it minimizes potential liabilities for owners and managers. NVSAA Education is put together with your needs in mind.
Record-setting tourism and the strongest convention attendance in several years are driving employment growth and creating apartment demand Las Vegas. Job growth is well above the national average, spurring developers to complete projects that were mothballed since the recession. In addition, multifamily permitting is trending more than 60 percent higher as builders rush to keep up with demand for rental space. While more than 1,400 apartments have been completed during the past year, vacancy fell sharply and concession activity nearly halted on well-located properties near employment hubs. The leisure and hospitality sector is providing the biggest job gains in the economy, although more corporations are relocating to the metro due to its position as a travel destination and the lack of a state income tax. The new workers hired by these companies are choosing to rent in prime areas to the southwest of the city, close to shopping centers, freeways and the Strip. Single-family housing costs in these areas are above the metro average, spurring strong rental growth and pushing vacancy down. Tightening operations will lift rents up 3.4 percent this year, more than 100 basis points above inflation.
You can be THE FIRST to know what's happening in the Las Vegas housing market each and every month. FastFacts is the e-newsletter that tells you exactly what's going on in both the new and existing home market in terms of volume, prices, and trends.
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With over 2.6 million apartment units updated each month, ALN Apartment Data is one of the most complete and accurate data provider available anywhere in the country. The Las Vegas Apartment Market Overview for January 2015 is now available to view.