The Las Vegas High Rise Market continues to recover! Overall high rise inventory has been cut down more than half over the past 4 months. Great deals have been harder to come by due to high demand and low supply. Vegas is now bustling seven days a week and we have data to show from the Las Vegas Convention and Visitors Authority compared to the prior year. As of May 2021:
• Visitor Volume increased by 1,802.3%
• McCarran Airport Traffic increased by 788.9%
• Midweek Hotel Occupancy reached 62.8%
• Weekend Hotel Occupancy reached 87.8%
As momentum picks back up, more investors are interested in all unit types, including many that are willing to pay a premium, specifically for strip-side units!
If you’re curious about the value of your high rise unit or thinking of selling, contact us to set up a free strategy session with our high rise specialists.
Please click below on any property to view its corresponding July 2021 sales report.