The Dynamic Vegas Market
Industrial Advisors
English - December 01, 2023 09:01 - 29 minutes - 32.4 MB - ★★★★★ - 21 ratingsInvesting Business News Business News colliers international industrial real estate bill condon commercial real estate industrial advisors industrial advisors show matt mcgregor real estate Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The Industrial Advisor podcast hosts, Bill Condon and Matt McGregor, welcome guest Dan Doherty from Colliers to discuss the industrial real estate market in Las Vegas. Doherty reflects on his background and the history of the Las Vegas market. They discuss the significant growth in the market over the past years, which has resulted in high levels of demand and unprecedented investment from institutions. The market expects an influx of 16 million square feet of industrial space over the next four quarters, which is likely to raise the vacancy rate and create opportunities for tenants seeking expansion. They also touch on the potential influence of the sports entertainment sector. Finally, Doherty provides his predictions for the market heading into 2024.
Dan Doherty, SIOR | [email protected] | Direct: +1 702 836 3707 | Mobile: +1 702 809 1000
Key Moments:
00:35 Guest Introduction: Dan Doherty
02:12 Dan's Journey to Las Vegas
02:36 Impact of Mafia in Las Vegas
05:57 Water Crisis in Las Vegas
09:08 Industrial Market Dynamics in Las Vegas
10:42 Future Supply and Demand in Vegas Market
21:37 Impact of Sports and Entertainment on Vegas Market
23:54 Raising a Family in Vegas
26:05 Predictions for the Vegas Market
27:39 Closing Remarks