Overall anchored speculative vacancy rates reached a low 2.9 percent in the first quarter, a 1.9 percent improvement from over last year. The valley's strong economic and population growth is creating a supply constrained market.
More Quotes from John Restrepo:
There are a lot of guys out there with a Web site and a dream, positioning things to flip over to genuine developers. The current gold-rush mentality has attracted several speculators, causing a low percentage of projects to get built.John Restrepo
You can get out of high school, go and valet park and you can make 50,000 to 60,000 a year. What's the incentive to go to college
John Restrepo
We're going through puberty. There are a lot of pulls and tugs from business, governmental side and residents What should we be as we grow up
John Restrepo
With dramatic construction cost increases and a drying land supply, Apex may finally see some substantial development activity. Time is now on its side.
John Restrepo
The good news for the City of North Las Vegas is that the City Council has gotten pretty pro-active in working with developers and looking at how they can redevelop that whole North Las Vegas Boulevard area to a better use.
John Restrepo
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