Certainly, the real estate market is one that has been hard hit by the economic downturns. One interesting option for developers and for condo owners is to turn to the rental market in Las Vegas. A number of luxury condo projects have begun renting portions of their units. Several developers are also looking into the idea of time shares.
Housing analyst in Las Vegas, Steve Bottfeld, sees this rental trend as one that will continue. This can become a way to generate revenue for developers.
This information mostly affects developers, but is also of interest to companies such as Sightline Acquisition with Kirk Sanford and others who are interested in real estate in Las Vegas.