Nevada was arguably the hardest hit commercial real estate market during the recession. This desert oasis is still reeling from the effects of the past few years as unemployment remains high and tourism and gaming try to gain ground.
There is good news, however, on the horizon, according to the Reno Gazette Journal, which talked to many local-area brokers who feel the market is stabilizing. The story notes that Northern Nevada experienced an abundance of activity in the early part of the year, while projects that were previously stalled in Las Vegas were finally picking back up.
As the Nevada real estate market stabilizes, lower prices, more investment opportunities and great deals are sure to be found. Why not explore this market today?