Cushman & Wakefield | Commerce Reports an Upward Trend for Q4, 2014 Commercial Real Estate Market in Las Vegas
LAS VEGAS—Mar. 5, 2015—Commercial real estate in the Las Vegas area ended 2014 better than it started, according to new data by the Las Vegas office of Cushman & Wakefield | Commerce. The firm released its most recent Marketbeat Snapshot reports detailing the state of commercial real estate in Southern Nevada.
“Commercial real estate in the Las Vegas-Paradise metropolitan area made steady progress on the road to economic recovery in 2014,” said Michael Dunn, Market Leader for the Las Vegas office of Cushman & Wakefield | Commerce. “This is the second straight year of strong gains in the industrial sector. With positive indicators in new construction, rising sales prices, and decreasing unemployment rates, there is reason to be optimistic that the Las Vegas economy will continue to improving during 2015.”