High-end Condo Market in LV
Author: Diana Heeb Bivona
According to local research firm, Applied Analysis, out of the 100 condo projects planned, only one in five has broken ground and only two in five may start before the end of the decade. However, local experts argue that the run on cancellations isn’t a result of a lull in demand. They point to the fact that approximately 10,000 condos are being built in Las Vegas and are already 90% sold out. Demand for high-end condos appears to still be high. The issue, they say, continues to be a shortage of labor and an increase in building costs.