Everyone in the nation knows Las Vegas, Nevada is considered the entertainment capital of the world. Las Vegas real estate has been booming for more than a decade, yet Las Vegas still has room to grow, with 37 percent of land undeveloped in the metropolitan area and further land swaps with BLM eminent. Having just celebrated it's 100th anniversary in 2005, Las Vegas is poised for another boom in development that will perhaps be greater than any previous expansion experienced to date!
According to the Nevada Department of Employment, Training and Rehabilitation, The total employment for Las Vegas in 2005, produced 60,000 new jobs. The unemployment rate in January, 2006 in the Las Vegas area was estimated at 3.9% - down from 4.2% a year ago and below the national average of 4.7%. It is estimated that every new hotel room built creates two and one have jobs in the private sector.
Las Vegas is already home to 17 of the 20 largest hotels in the world, including 8 of the world's top 10 largest hotels. Las Vegas also boosts more hotel rooms than any other city in the world. In fact Las Vegas has more hotel rooms than Los Angeles, San Francisco and New York combined! According to the American Gaming Association, Las Vegas also has the highest casino gaming revenues in the United States. The number of major hotel casinos opening opened in the past ten years on the Las Vegas Strip, include Mandalay Bay Resort & Casino, theHotel, Wynn Casino and Resort. Bellagio, , New York-New York Hotel and Casino, Paris Las Vegas and The Venetian Casino Resort. In addition, a number of existing properties on the Las Vegas Strip have expanded during this period, including MGM Grand Hotel and Casino, Luxor Hotel and Casino, Circus Circus Hotel, Casino and Theme Park, and Caesars Palace. Despite the increase in the supply of rooms over the last 10 years, Vegas hotel occupancy rates still average over 90%, making Las Vegas one of the most profitable and highest occupancy rated destinations in the world.
Las Vegas currently has nearly 133,000 rooms and gaming revenue approaching $9B annually. The Las Vegas Convention and Visitors Authority suggests that over the next 5 years there are building plans in the works to add an additional 37,000 rooms, a 25% increase and the largest number of rooms in any five-year period in Las Vegas history. The construction boom is seen as more of a continuation of a steady trend rather than an explosion in capacity and there is a good chance that up to a quarter of the new rooms like some condo-hotel projects -- will not be built. Even if the 9,000 condo-hotel rooms on the planning board are not built, inventory is projected to increase 20 percent between 2005 and 2010 and cost close to $20B dollars.
Las Vegas Building Department
It's an ever changing world and it's become increasinglydifficult to remember a time when history, tradition and reputation reallymeant something. Society has gotten so jaded by cheap products and indifferentcustomer service that many can't imagine a true craftsman still standing behindhis every piece of work.JacobDorenbaum, owner of Custom Design Cabinets of Las Vegas, is such a man.
Raised in Romaniaas a fifth generation cabinetmaker, Jacob is committed to designing andbuilding unique cabinetry and furniture while upholding the highest standard ofquality. Only the finest hardwoods and veneer are hand selected for use in hiswork and his multi-step finishing techniques are amongst the best availabletoday. Finally, every piece of cabinetry goes through a detailed inspectionprocess before leaving the facility to ensure the top possible customersatisfaction.
Many of Jacob's clients request unusual and sophisticateddesigns, requiring exotic woods, or stunning combinations of wood and othernatural materials, like marble, brass and carved glass. Jacob has crafted themost unique entertainment centers, home offices, wet bars, libraries, mantels,vanities, and
and bedroom
featured in some of Las Vegas' finest homes. Over the years Custom DesignCabinets has received high recognition for their outstanding achievements indesign.It's no doubt, with a EuropeanMaster Cabinet Maker at the helm.
Since 1998, Custom Design
has grown from it's humble one manbeginning to a leading fabricator of all-wood cabinets.Jacob is still dedicated to quality andsuperior customer service, and takes pride in each and every piece he creates.Striving for perfection and committed to bringing you value, Custom DesignCabinets is built strongly upon a family's long traditions of dignity andprecision.
If you are lookingfor quality work from a family operated business that believes in personalizedservice - then you have come to the right place - Custom Design Cabinets of LasVegas. For more information, visit them at . Still building your dreams with pride.
Both Terry Barone & Bobbie are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Terry Barone has sinced written about articles on various topics from Relocation. Terry Barone is a veteran 27 year real estate broker and co-owner of a commercial real estate firm in Las Vegas. Terry is also the webmaster of two popular real estate web sites,. Terry Barone's top article generates over 720 views. to your Favourites.
Bobbie has sinced written about articles on various topics from Relocation. Bobbie Anzalone grew up with a penchant for the English language. Having successfully ghost written on numerous projects, she started a small local newspaper in South Beach Florida. Moving back to Las Vegas to be close to family, Bobbie found it difficul. Bobbie's top article generates over 720 views. to your Favourites.
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