LAS VEGAS -- The predictions are out and 2014 looks like a promising year for commercial construction in Las Vegas.
2013 saw a number of groundbreakings, and the new year may bring even more. Experts say hot spots like the area in and around Summerlin, and also Green Valley, have seen less vacancies and more restaurants, offices and shops.
Some business leaders say the slow and steady growth in commercial construction is a turning point for the whole Las Vegas economy.
Leaders of CBRE, a major real estate investment firm, say no income tax, an abundant workforce, and an improving economy are propelling many big projects in the valley.
"In good locations, space is starting to get a little scarce, in inner city there is still a high vacancy rate," Senior Vice-President of CBRE Office Properties Randy Broadhead said.