The Golf and Putting Classic is always one of the most anticipated events NSAA offers its members year after year. The NSAA combines a traditional four-man scramble golf tournament with its non-traditional Putting Classic to bring members one super-sized tournament. We like to call it a "Classic" because it ALWAYS is ...
The Nevada State Apartment Association (NSAA) switched from a traditional Educational Dinner to a Membership Mixer and in March 2012 Legislative Fundraiser. The NSAA knows how important Legislative Affairs are to our industry. This SPECIAL EVENT directly benefited the NSAA Legislative Affairs Fund (LAF).
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.
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I think it's fascinating how consumer-to-business connections change over time ... and I'm always paying attention.
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.