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Q1 Market Report: Strong Rental Fundamentals Drive Aggressive Bidding

Published: Friday, April 17, 2015

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.


Residential Resale & Foreclosure Report - January 2015

Published: Wednesday, February 25, 2015

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.


5 Trends We See in the Multifamily Industry

Published: Tuesday, February 24, 2015

I think it's fascinating how consumer-to-business connections change over time ... and I'm always paying attention.


Las Vegas Apartment Market Overview - January 2015

Published: Monday, February 23, 2015

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.


REIS Reports for Las Vegas, Nevada (January 2015 | Metro Analysis)

Published: Friday, February 20, 2015

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.


REIS Reports for Reno, Nevada (January 2015 | Metro Analysis)

Published: Friday, February 20, 2015

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.


The Rise of Apartments

Published: Wednesday, February 18, 2015

If there was a need for further proof that apartment living is gaining popularity nationwide, three recent reports provide it. Among them, they say:

-- Some 2 million new renter-occupied households were added in 2014, while the number of owner-occupied
households decreased by more than 350,000, according to a Jan. 28 report from the U.S. Census Bureau.

-- Nine of the 11 most populous metro areas in the United States have more rental households than owner
households, a Feb. 9 study from New York University’s Furman Center and Capital One Financial Corp. stated.

-- The fact that most of the job growth today is in low-wage, even part-time, positions is bad news for the
home-ownership rate but good news for the apartment industry, according to an article by Freddie Mac Chief
Economist Leonard Kiefer.


How to Deal with Negative Comments on Social Media

Published: Tuesday, February 17, 2015

As a property manager, you work hard to make sure your apartment community is a great place to live. But no matter what you do, you’re bound to have an unhappy resident every now and then. And some unhappy residents may turn to social media to complain.


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Latest News

Published Friday, April 17, 2015

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.

Published Wednesday, February 25, 2015

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.

Published Tuesday, February 24, 2015

I think it's fascinating how consumer-to-business connections change over time ... and I'm always paying attention.

Published Monday, February 23, 2015

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.

Current Legislative News

Published Friday, January 24, 2014
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Published Wednesday, March 13, 2013



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