Yesterday, we spoke of financing furniture for your Las Vegas high rise condo. And speaking of furniture, you can't say enough about the success of downtown Las Vegas' booming World Market Center, which is quickly becoming the center of the world's furniture industry. With the Winter Las Vegas Trade Market trade show being in town this week, some 62,000 people will descend upon the downtown site in what I'm sure will be another successful event for the 18-month old destination in their quest to shift the nation's furniture center from North Carolina to Las Vegas.
And it only gets better as the Center developers continue to move forward on their $3 billion trade center, scheduled for total completion at the end of 2013. The steel frame of the third phase of the eight-building project started rising Tuesday and construction on the fourth building will begin by the end of the year.
Will they succeed? I'm betting yes. The developers are spending a ton of money to make this work. Space in the Las Vegas venue rents for an average of $30 per square foot, according to the World Market Center, meaning a 6,500-square-foot showroom could cost $195,000 annually. These companies have money!
So the question remains: If the World Market Center is already a success, and the developers continue to build out their vision for 2013, and furniture companies continue the trend of moving out west, doesn't it make sense to own a high rise condo within walking distance to this grand destination? Would such a high rise have trouble renting? How many furniture companies would welcome renting a location within walking distance for their employees and/or clients?
Exactly! I strongly urge you to look into Juhl Las Vegas, one of the best priced and overlooked condo project in town. Let me know if you'd like to know what's still available there.
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