Las Vegas multifamily investment poised for a comeback with 2024 rate cuts

Las Vegas multifamily investment sales surged in Q4 2021 following rate cuts in 2019, and an additional 150 basis point reduction in March 2020.
Rate cuts and activity were also driven by shifts in the housing market which peaked nationally following the Pandemic. Over the last four years, inflation and rising costs slowed investment activity.
However, the 2024 rate cut is set to provide more favorable loan terms, creating optimism for renewed investor interest and multifamily sector growth. With heightened stability compared to the unprecedented post-pandemic rate cuts, Las Vegas multifamily investment is primed for increased development as sidelined capital seeks to reenter the market.

September 24, 2024