Multifamily Market Update

The multifamily market in southern Nevada is going strong, with many people choosing to rent rather than purchase a home or condo. Several factors play into this, including the transient nature of our population, the fear of a down market affecting housing values, and the reluctance of residents, especially younger people, of being tied down to one place.

The Lotus apartment project is a good example of a new trend in multifamily. It’s close to the Strip rather than suburban, it’s more high-end than most projects, and it features amenities that appeal to people who are renters by choice, not renters by necessity. We recently talked with Jonathan Fore, Managing Partner and Vice President of Fore Property Company, about how he developed the Lotus project and what his company is planning for additional infill multifamily projects in Las Vegas. 

March Economic Briefing

The experts at Applied Analysis look back at the 2018 housing market and give their insights on what’s ahead for this important segment of the Nevada economy. 

Click here or click the image below to download.

 
 
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