Southern California real estate firms Lyon Living and LandSpire Group recently started construction on a 294-unit rental complex at The Gramercy in the southwest valley.
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Overall, the valley’s single-family rental market has “held up rather well” during the pandemic, said Tom Blanchard, last year’s president of trade association Las Vegas Realtors.
Construction has been picking up all over Las Vegas, with investors building subdivisions, retail centers, warehouses, apartment complexes and more.
Housing tracker Attom Data Solutions put out a report this week showing the number of vacant properties around the country and what share of cities’ homes are empty. Las Vegas’ housing market has come a long way since the economy crashed last decade, but if Attom’s numbers are any indication, squatting opportunities have grown in the past year.