LAS VEGAS-You don’t want to bet against the gambling capitol of the world. That’s the message from a recent Grubb & Ellis Co. forecast.

The recent problems in travel and tourists following the Sept. 11 terrorist attacks, already are starting to subside. “The history of Las Vegas has seen a very strong growth pattern,” according to Grubb & Ellis researchers. “The only flat growth period came during the energy shortage of the late 1970s. This would suggest today’s transportation issues, although psychological, would have a similar effect.”

The city rolls with the punches, no matter where they come from. “Las Vegas is a very resilient community that tends to reinvent itself in times of hardship,” researchers say. “Today’s issues should not be any different.”

Indeed, a decline in rents and demand will provide buying opportunities for well-capitalized investors, the report notes. “As always, there will be owners who are prepared for a decline,” Grubb & Ellis notes. “But just as surely, there will be those that are not prepared for a downturn and will be forced to sell.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.