Las Vegas Commercial Real Estate

The FDIC has released its Spring 2006 State Profiles. In terms of overall commercial real estate (CRE), Nevada still ranks first nationally in commercial real estate loans at 23.6%. Construction and development (C&D) portfolios grew at 48.8%, the fourth highest in the country, and the fastest growing loan type for Nevada institutions. Additionally, Nevada institutions reported the second highest CRE loan concentrations in the nation. Strong economic conditions continue to bolster CRE conditions; in particular, Las Vegas’s office and industrial markets reported relatively low and declining vacancy rates and increasing rents.

For the in-depth profile, click here .

This entry was posted on Wednesday, April 5th, 2006 at 1:25 am and is filed under Commercial Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.