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04 UPDATE:LaborMarketandLate

15 VegasCommunityAddseSports

PARTMENTADVI SORY:Rent 05 A Pa yment sar ePr omi s i ng

asVegasMul t i f ami l yRepor t 17 L Fi r s tQuar t er2020

PECI ALREPORT: TheReal i t yof 07 S Rent si nt heCOVI DEnvi r onment

es pi t eCOVI D19 ,LasVegasRai der s 18 D New HomeNear sCompl et i on

Rent/Mor t gagePa yment sTr ends

LoungeasanAmeni t y

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RENTPRI CESBYNUMBEROFBEDROOMS. SCREENSHOTCOURTESYOFRENTCAFE.

Accor di ngt oHar var d, t henumberofl owcos tuni t s r ent i ngf orunder$600f el lby3. 1mi l l i onandt he s uppl yofnew uni t sf r om $600 t o $1000 f el lby 450, 000uni t s . Wi t hr es pect t or ent aluni t cons t r uct i on,new bui l di nghasbeenbr i s k, howevermuchofi ti sbei ng bui l tf orhi gheri ncomeear ner s . I twoul ds eem t hatdue t ot he r i s i ng i ncome of s omehasr es ul t edi nt hatgr oupcommandi ngt he mar k et ,l ea vi ng l i t t l e f or ot her gr oups . Hi gh cons t r uct i oncos t s ,hi ghl andcos t s ,hi ghmat er i al s andl aborcos t s ,al s ot el l sust hathous i ngcannot be bui l tf or l ow i ncome popul at i ons ,at l eas t pr oďŹ t abl y . Ther ef or e, gover nment sma ybet heonl y gr oupcapabl eofpr ovi s i oni ngl ow i ncomehous i ng.

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wer et o" t her e' l l benopl aceequal t ous , "not i ngt hatTus canHi ghl andswi l l havet hefir s tes por t sar enaon t hi ss cal ei naUSapar t mentcompl ex. Mi l oOcampo,anes por t sexper twhocons ul t edont hel ounge,t ol dBus i nes sI ns i dert hati t ' sdes i gnedt o appealbot ht opr of es s i onalandcas ualgamer s .Thel oungehas12comput ers t at i onswi t hs evenf ootby 11f ootHDLEDdi s pl ays ,avi r t ualr eal i t ys por t ss i mul at orwi t ha15f ootby9f ootdi s pl ayf orgol f ,s occer , andhockey,pl usi ndi vi dualgami ngs t at i onsequi ppedwi t hNi nt endoSwi t ch,Pl aySt at i on4,andXboxOne devi ces . Formor eol df as hi onedgamer s ,t her ei sal s oacol l ect i onoft r adi t i onalar cadegames .A YouTubeand podcas t i ng s t udi oi sat t ached,t oo.Ther ear eeven s peci algami ng chai r swi t h adj us t abl ehei ghtand r ecl i ni ngl evel sandabui l t i nheadr es t .Shul mant ol dBus i nes sI ns i dert hatwheni tcomest oes por t s ,ever y as pectmat t er sbecaus egamescancomedownt o" s pl i t s econdt i mi ng. " The l ounge i ss chedul ed t o open i nJ ul y,wi t h pl anst o hol d es por t st our nament swi t hr ewar dsand educat i onal event s ." Thees por t sl oungewi l l f eat ur eevent shel dbypr opl ayer s ,r uneducat i onpanel s ,and l etr es i dent si nt er actwi t hi nfluencer sandf ut ur ei nfluencer s , "Ocampos ai d. Shul mans ai dheas kedhi ms el f ," How canIcr eat eanameni t yt hatwi l ldr i vepeopl et obet oget herf or ext endedper i odsoft i me? "Thi sques t i onevent ual l yr es ul t edi na10, 000s quar ef ootmul t i f or ms pace, cons i s t i ngofanes por t sl ounge,barandr es t aur ant ,andwi negar den. Hebr oughti nOcampo,whohashi sownes por t ss t ar t upandgavehi m al i s toft hi ngsheneededt oknow t ocr eat et hel ounge,i ncl udi ngdemogr aphi csandanal yt i csones por t s .Thi sfir s tmeet i ngwasi nJ ul y2019, andt hewhol epr oj ecthast akenaboutayeart ocomet of r ui t i on. Des pi t ehi spr edi ct i onsf ort hes ucces soft hel ounge,Shul mandoes n' tt hi nkt hi swi l lbecomeat r endi n ot herr eal es t at edevel opment s .

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VALUABLECOVI D19RELATEDLI NKS