LV Market Continues to Attract
The Las Vegas commercial real estate market continues to attract more out-of-state investors looking for a greater return on their investment. Although the commercial real estate market has remained strong in California, many investors are selling their California properties and turning to other parts of the country where they are likely to receive more bang for their buck.
Las Vegas, Phoenix, the Carolinas, and New Orleans are markets that are attracting more investors eager to make more money. Rents may not be necessarily better in these parts of the country, but the price per square foot investors are paying is and that’s attractive to many. While some investors believe that the California commercial real estate market still has the potential for continued appreciation, others are betting that appreciation rates will be higher in other areas of the country such as Las Vegas.