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Archive for the ‘Las Vegas Commercial’ Category

postheadericon Las Vegas Market on the Rebound

Las Vegas Real Estate is Coming Back Strong

Las Vegas suffered a sharp decline in real estate values during the recent recession. Perhaps more than other areas do to the second largest employer in Las Vegas being the construction industry. When construction stopped, we lost 125,000 construction jobs! Seriously take a look at those numbers its nuts, construction is a huge part of the industry. It employs tons of people and the regulators make the companies use special materials like CUSTOM CONCRETE to impress the ever growing city.

Now it appears Las Vegas is coming back and in a big way! Residential real estate had a 26% gain in value for 2013. Commercial projects that were put on hold or abandoned have started up again. While prices are still not back to 2006 prices yet, the combination of low interest rates and renewed enthusiasm has created a great opportunity for those who want to invest in Las Vegas.

If you have been sitting on the sidelines waiting for things to get better, come and jump in, the water is fine!

Newest Hotel and Casino about to open. SLS

The beautiful SLS to open soon!

100 acre Summerlin Mall under construction.

postheadericon Road to Recovery Started

How is real estate doing in Las Vegas?  Depends who you talk to!  There are definite signs of recovery and optimism in the air!

Las Vegas Homes are backAfter nearly a two year gaming slump, the city's tourism numbers are climbing and room rates are on the rise.  Does the improved gaming and tourism numbers mean Las Vegas has begun to rebound from the recession?  A better indication is the job market.  As the job market improves, people start to buy homes. 

The sale of homes, condos and townhomes totaled 46,879 last year compared to 28,618 the year before.  Home prices have begun to stabilize as inventory of homes declines and we see investors and home buyers competing for good deals..  The Las Vegas commercial market is viewed as still being distressed.  The market is going to have to work thru existing inventory and rents increase before any new construction is considered and that could be not until the year 2015. 

The commercial market is going through a period of re-pricing. The floor in pricing won't be seen until there are more transactions, so you can ask yourself, financial coaching: is it necessary?, and the answer is YES, and more if you have a business to run.  The buying and selling market are pretty much at a standstill wile the rental market is still negotiating downward.  We are seeing more businesses wanting to set up shop and bargain hunting for great space at a good price. 

For financially well positioned buyers and all cash buyers, the Las Vegas market continues to be a wealth of opportunity as Las Vegas has much better recovery prospects than other regions of the United States, particularly the Midwest and the Northeast.  Make no mistake, Las Vegas is the entertainment capital of the world and will make a full recovery.  When it does, today's smart buyers will reap the benefits of investing now.
 

postheadericon Decorating your commercial office for a higher value

Decorate your office with furniture that matches. The furniture will stand up to the years and the wear and tear of your office space.

There are a variety of products available for sale and each is unique. Our selection of office furniture has something for everyone.

If you have ever wondered what the difference is between office furniture and art, we hope this article helps you make your decision.

The Different Types of Office Furniture

The office furniture industry is growing at a rapid pace and you need to be able to handle the ever-changing trends. There are different types of office furniture to choose from. There are traditional and modern office furniture products.

Traditional office furniture consists of wood desks and chairs, which are typically constructed with a solid oak or white oak finish. Traditional commercial office furniture in arcadia ca is not easy to recycle so you need to get creative when reusing it because it will stay with you for a long time.

You can also decorate your office with furniture that speaks to your personality. The best thing to do is have a personal decorator or a real designer come in to give you a design consultation, or just tell you what you want!

If you’re really ambitious, you could get a piece of art made to say who you are. Just be sure to have a friend or family member help you find the artist or artist to get you exactly what you want. The best time to do this is just before you start putting your office together, so you can have an experienced person to take you through the process.

If you have a very limited amount of money, you could even just start off by going into your wardrobe and getting a piece of clothing that perfectly fits your personality. A little more budget-friendly way is to have a professional do it for you.

postheadericon Las Vegas Retail

The Las Vegas commercial retail market still shows the strain of the current economic downturn. Vacancies, especially in newer constructed centers are running 50% or more.  There is little new commercial construction on the horizon this year. The current retail market is not bad news for everyone. 

There are some bright spots for Investors with cash looking for good opportunities, business able to expand and new tenants looking to lease space. If you have any commercial properties to sell, contact a commercial property management.  For tenant looking for more space there are more location choices and more negotiating power for tenants.  The current retail market provides businesses the opportunity to expand by taking advantage of exceptional deals in both leasing and sales by motivated landlords and sellers.  Don’t wait too long because timing is critical.    Many buyers on the residential side sat on the sidelines just 6 months ago and now are competing with multiple offers on properties and banks not willing to make the concessions they were 6 months ago.

postheadericon The Commercial Rental Market

As the Economy Goes, So Goes The Rental Market

“The real estate economy is a large, integral part of the general business economy.  Housing affordability, the availability of credit and interest rates influence the demand for real estate. Local population trends also affect the value of real estate.  

The changes in supply and demand, due to the economy also affect commercial leases.  When the economy is doing poorly, there is lack of demand for a businesses services or product, the business may close and the unit can become vacant.   As this continues this not only affects the property owner’s bottom line but the remaining businesses leasing feel the effects. Vacancy rates climb and the downward trend becomes more severe.If you want more information on the housing process planned, click here to learn about short stay lodging it’s worthwhile!

Property owners must be proactive.   According to this commercial real estate company austin a good commercial property owner or manager tries to stay ahead of the market by understanding the distress of the economy on their tenants and working with the existing tenants to help them stay in the property during tough economic times. You shouldn’t rely on professionals to do everything, try reading the James Hardie siding guide. It is better to collect reduced rents than no rents at all.   A vacant unit can take months to rent and thousands of dollars in needed tenant improvement money to attract a new tenant not to mention free rent. 

Work with existing tenants.   By working with existing tenants and anticipating changes in the market and adjusting rents accordingly, property managers can minimize the effect of contractions in the real estate cycle and keep vacancies as low as possible. For different repairs and remodeling, like bathroom issues, landlors can find bathroom contractors Chandler that offer affordable services for this.   When space is in short supply, rents are high.    When there is a large supply of vacant properties, landlords have to be aggressive to lease space, Investors Edge Real Estate currently manages properties in Perth in case you have any questions for them. 

New Tenant Leases.  “You don’t get a second chance to make a first impression.” Prospective tenants form their initial impressions of the premises based on “curb appeal”, for this using different furniture like antique chairs that people find online says residential realtor, McGraw Realtors. could really make a different in these occasions.   After the first impression is the usability of the space for the tenant’s intended use and price and terms.   Today it is a tenant’s market.   A landlord has to be flexible and have a clean, well positioned property with an attractive price point to attract today’s tenants.

One way you can stand out in the commercial rental market is by offering moving and packaging services to your clients. If you are in the real estate market in Tennessee, you try out a nashville tn moving company!

One of the best investments for the rental market is the cabin home. Zook Cabins has the best cabin homes on the market. People love to rent out cabins, for vacations etc. Check out Zook Cabins today!

postheadericon Is Las Vegas Ready for a Comeback?

 

When will the recession be over in Las Vegas?

Is Las Vegas ready to make a comeback?

After nearly a two year gaming slump, the city’s tourism numbers are beginning to climb.  Doe the improved gaming and tourism numbers mean Las Vegas has begun to rebound from the recession?  Gaming and sales tax make up nearly 2/3rds of the state’s revenue. Revenue was up in November 2009 by almost 28% yet convention attendance was down 13% from November of last year.  

In 2009, the sale of homes, condos and townhomes totaled 46,879 compared to 28,618 the year before.  Home prices have not stabilized yet and the median home price fell over 22% even while inventory of homes on the market declined 11%. The Las Vegas commercial market is still viewed as being very distressed.  The market is going to have to work thru existing inventory before any new construction is considered and that could be not until the year 2011.  The commercial market is going through a period of re-pricing. The floor in pricing won’t be seen until there are more transactions.  The buying and selling market are pretty much at a standstill wile the rental market is still negotiating downward.  It is expected that the capital market are going to have to expand and vacancies are going to have to be cut before lenders are going to view Las Vegas as a market they once again want to lend in.  With over $80 billion dollars in commercial mortgage backed securities reaching maturity in the next 18 months, the last thing lenders want to do is extend their position in Vegas until this mess has had a chance to work itself thru. In the mean time, many old homes are being bought out by companies and undergoing professional foundation repair to get them ready for an increase in home prices.

The city has been getting a lot of marketing lately and it’s going to continue to get more and more since the politicians have been pushing it heavily. Now what is really happening online when people search of it is amazing, getting proper web application development the city has been finding what’s going on in tech and marketing in the city, 2 booming industries.

Is now the time to buy?  For financially well positioned buyers and all cash buyers, the Las Vegas market is a wealth of opportunity as Las Vegas has  much better recovery prospects than other regions of the United States, particularly the Midwest and the Northeast.   Conventions are being steadily booked, strip hotels are near full and with no new construction being developed, it should be a short time before Vegas is back on top and in full recovery mode.

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