Las Vegas Tops The Commercial Real Estate Market
Las Vegas Tops
Commercial Real Estate Market
According to a recent article by FOX 5 Las Vegas is in the TOP 10 for Commercial Real Estate. NAR'S Chief Economist Lawrence Yun predicts that the commercial real estate market will improve in 2021 as the U.S. economy reopens.
Per NAR, The 2021 Commercial Real Estate outlook shows stronger investor interest for land, multifamily, and industrial properties.
How To Benefit From 2021
Commercial Real Estate Trends
Demand for multifamily dwellings, such as apartments, continues to rise. Apartment vacancy rates will continue to drop - That means an even higher demand for multifamily properties. Take advantage of low interest rates NOW and invest in multi-family dwellings. INVEST IN YOUR FINANCIAL FUTURE!
Downsizing is the trend for 2021. Companies have realized that employees are able to be successful working from home. Less in-office employees equals less overhead.
How can you turn that into an opportunity? Reduce your rent costs by downsizing into a smaller space for your company. Consider ditching the idea of a lease and purchase a space for your business.
What if I can't purchase? Recent vacancies may give you an opportunity to move into a smaller space = lower rent.