Ron Cadman: Vegas Construction Sparks Real Estate Opportunities

Everywhere you turn in Vegas, you’d be hard pressed not to see construction equipment dotting the landscape. And that’s a good thing. Construction in Sin City is ramping up, and this is opening the door to residential real estate opportunities, according to Ron Cadman, a real estate investing expert. Here’s a look at a couple of construction projects that may draw more people to the City of Lights and, in turn, increase your chances of successfully building and growing a rental business in Las Vegas.

First off, the Maya Cinemas made its debut in North Las Vegas in early 2019. This theater combines the nostalgic movie-going experience of the chief executive officer’s childhood with today’s technological advancements. Maya Cinemas stands out in that it’s the only United States theater chain to offer a room filled with D-Box seating. This type of seating emulates a film’s action by moving or vibrating, thus creating a much more interactive and engaging movie experience.

Another project that is sure to bring more attention and thus more renters to Las Vegas is Circa, a hotel that will open in December of 2020. The hotel, which will feature 777 rooms and span 125 million square feet, is expected to become a sports hub in downtown Las Vegas. That means Nevada may enjoy more gaming revenue in the years ahead. In fact, the resort should have the largest sportsbook in the city, with the goal being to show all major sport games being broadcast at any one time.

With all of the construction taking place in Las Vegas, it’s clear that the city is on an uphill trajectory in 2019. In light of this, now is a smart time to begin looking for residential real estate properties you can rent out. With the influx of people moving into the city, you can bet you won’t be short on tenants anytime soon in the City That Never Sleeps.