It may not look like the Las Vegas commercial real estate market is in better shape, but looks are deceiving. Sure there are still a lot of people out of work, the lingering effects of the recession. It’s true that now is not the time for a party, but increases in retail sales across Las Vegas and employment figures are improving month by month.
Commercial apartment builder stocks are improving as well, and a number of capital funds are making investments in these operations look very enticing. Many hedge funds are purchasing retail properties and apartment complexes by the armful, and they’re even buying single family homes, which is one of the most peculiar developments in the real estate market in a number of years.