I don’t think it is worth to buy Las Vegas office for $300/sq. foot
John Vanhara I think Las Vegas is going crazy. Not only I see most of the offices being listed for $300 for sq. foot, but it seems to me there more and more listed for even more.
I think the market cannot hold prices like that for long. I hear a lot about demand driving such high prices. But how is the demand created? Look at the real lease rates, availability, new and existing offices on the market. Don’t you think there is too much speculation? How come some of the vacant space is often sold for more per sq. foot than leased space? That doesn’t make any sense. Comparing vacant space to similar leased space you should get the vacant for less. It just seems to me that a lot of people bought into vision of making money easy way and buying their own commercial building sounds like the good idea.