News Archives: 2006
Survey finds industry officials still bullish on local real estate market
Tony Illia / Las Vegas Business Press
November 14, 2006 - A recent survey conducted by Restrepo Consulting Group LLC and McDonald Carano Wilson LLP reveals that members of the commercial real estate industry are still optimistic about Southern Nevada’s economy and market conditions. The findings were released at the bi-annual Fall Trends Commercial Real Estate Symposium held at the Four Seasons in Las Vegas.
The survey revealed 38 percent of the respondents identified the lack of land availability as the predominant issue impacting their businesses. Respondents indicated that while they think the supply of land is limited, most are planning to purchase more land in the upcoming year. Of these, 38 percent believe land prices will stay relatively flat over the next 12 months.
“The survey indicates to us that at this point in time the real estate community feels relatively
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