(Read more on the multifamily market.)
LAS VEGAS-The demand for luxury condominium product here is notat its peak levels of two years ago but still quite active,according to a new mid-year report from Applied Analysis, a locallybased business research and advisory firm. That activity includeslots of new construction balanced by a greater number ofcancellations.
The company's research found 5,800 units completed and anadditional 14,100 units under construction. The research also found15,253 units that have been cancelled and an additional 3,877 unitsthat have been at least temporarily suspended, and that relativelyfew active projects are writing hard contracts for the timebeing.
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