One of the tenants will continue to lease the land, which falls within Harry Reid International Airport’s runway protection zone.
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The unincorporated area is seeing a boom in residential and commercial space.
Sales in the valley are expected to be below last year’s totals, and the lowest since the Great Recession.
The study was broken down into a number of factors including taxes, home prices, cost of living and sunshine.
More renters and a lack of construction is putting pressure on local real estate market.
This Realtor is who the Raiders call when they want to buy or sell a house in Las Vegas.
Construction on the project at the edge of Red Rock Canyon is slated to begin in early 2025.
Las Vegas saw a 15 percent increase from a year ago in how much valley residents must make to afford a mortgage, according to Redfin.
An Amazon representative confirmed the purchase of the land from a Nevada-based company but did not disclose the company’s plans for it.
Market data points to a delayed response in rental rates dropping across the country, and analysts believe the time may be now.