Discover What’s New and Interesting in Our Backyard
The City of Las Vegas, Nevada is home to more than 630,000 residents and is often referred to as the “Entertainment Capital of the World” because of its plethora of gambling, shopping, dining and nightlife opportunities. Cvent recently ranked it among the top three meeting destinations in the U.S., behind only Orlando and Chicago. It is also a global leader in the hospitality industry, hosting more than six million convention-goers annually and claiming more AAA Five Diamond hotels than any other city in the world.
Southern Nevada’s educated, high-quality workforce, combined with low operating costs and its easy access to air and land transportation, make it an attractive target for new commercial real estate development. Commercial real estate investment sales volume in 2016 reached $1.13 billion, according to real estate services firm Colliers International, with a sales volume of $572.7 million dollars during the first quarter of 2017 alone.
The commercial real estate industry in Las Vegas is expected to continue its positive momentum in the office, industrial and retail markets, according to a recent report released by Xceligent and the Commercial Alliance Las Vegas, the commercial real estate division of the Greater Las Vegas Association of REALTORS. Southern Nevada’s attractive tax climate – with no personal income, franchise, unitary, inventory, inheritance or estate taxes – is an attractive incentive for new business development, in addition to several tax abatement programs. It’s no wonder that TechCo. named Las Vegas as one of the top 15 U.S. cities with the most startup activity.
About Fidelity National Financial
Fidelity National Financial, Inc. (FNF) is currently ranked #375 on the 2020 Fortune 500®*, and is among numerous defense, energy, media, hospitality and financial Fortune 500®* companies based in the region. Our Las Vegas-based team of CRE professionals works in all facets of the industry, including power and energy projects, office buildings, industrial parks, multifamily housing, retail properties, government contracts, corporate transactions and more.
*From FORTUNE Magazine, June 2019 ©2019 Time Inc. Used under license. FORTUNE and FORTUNE 500 are registered trademarks of Time Inc. and are used under license. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of, Fidelity National Financial.