Las Vegas Commercial Real Estate – Las Vegas Commercial Properties for Sale
Las Vegas commercial real estate market has been decimated due to current economic troubles and investment properties have lost much of their value. Commercial properties market in Las Vegas trails the residential market by about 2 years, and commercial foreclosures and short sales are hitting the market now, yet some commercial property owners are in a state of shock and don't believe that their investment properties have lost most of its value. This is the reason for some crazy asking prices such as one million per acre for industrial land in North Las Vegas. It will take another couple of years for commercial property owners to accept reality and until then foreclosures are the best bets to buy commercial real estate.
Distressed Las Vegas commercial properties and approved short sales provide for the best deals and foreclosure commercial real estate auctions are the best place to buy these. The reason for getting unprecedented deals in the commercial real estate sector is high vacancy rates. Otherwise leased properties would sell for much higher prices as investment properties based on cash flow. Thus expect to get a vacant property which you may have to repair prior to leasing.
As of July-2010 the vacancy rates for Las Vegas commercial properties are as follows:
- Las Vegas Industrial space vacancy rate = 15%
- Las Vegas Office space vacancy rate = 25%
- Retail Space vacancy rate = 11.5%
We have provided Search For Las Vegas land and multifamily for sale. Search Las Vegas MLS for vacant land or condo projects for sale and discusses issues involved in buying or selling Las Vegas vacant land and offers expert advice about buying, selling or leasing Las Vegas, Henderson, North Las Vegas industrial real estate for sale or lease.
We have provided Las Vegas economic news and News articles covering Las Vegas Land, Retail, Office and Industrial real estate to help buyers and sellers keep up with the latest news in addition to detailed discussion of various issues concerning the commercial real estate market in Blog posts about buying or selling Las Vegas commercial real estate or foreclosures.
In addition to the above pages, find tons of tools and information to facilitate your Las Vegas commercial real estate deals, like financial calculators, business license info, sample business plan, Nevada, Clark County, Las Vegas, Henderson and North Las Vegas government contact information, etc in the side bars.