Navigating Las Vegas Real Estate as the Recession Cycle Begins

This new article from Rebusiness Online states a few interesting things. First is that its anticipated that up to 10 percent of commercial real estate within the (Las Vegas) Valley may face foreclosure in the next 18 months. Secondly, that less than 20 percent of the lenders that were lending two years ago are lending now. Lastly, that recent data from CoStar reveals that Las Vegas has experienced a year-over-year rent decrease of 4.7 percent, placing it among the highest rent decreases of all major U.S. metros.