Las Vegas, NV Commercial Real Estate Market Overview
Las Vegas, Nev. is famed for its entertainment industry, even receiving the label of “Entertainment Capital of the World.” However, in addition to its world-renowned nightlife and constant activity, the city has also proven to be a dynamic commercial real estate market. In fact, the majority of commercial real estate properties in Las Vegas are concentrated in the city’s downtown — also called Old Las Vegas — which is located a few miles off the famous Las Vegas Strip.
A multitude of companies have established themselves in the metro area in fields such as hospitality, entertainment, travel, services and more. The presence of these companies therefore creates demand for office spaces within the city, while also ensuring a remarkably diversified economy on top of its established reputation for tourism and gambling.