Michael Parks
Direct: 702 806 0909
Toll Free: 800 698 7001
Prudential Americana Group 5550 Painted Mirage Suite 140 Las Vegas, NV. 89149


Research Las Vegas

Las Vegas offers excellent opportunities for businesses. Very business friendly state with no state income tax makes for a very attractive place to relocate your business. Nevada has led the nation in job growth for well over three years, and maintained an extremely low unemployment rate of approximately 4 percent. Las Vegas is also one of the fastest growing cities in the nation, and with all the new economic diversification (World Market Center, etc.) we have a wide variety of industries to add to the gaming & convention business that has continued to report record earnings year after year. We’ve also maintained a strong housing market (even with the national housing market slowing significantly). We have an isolated market here; with being the entertainment capital of the world, we have a strong world-wide market that has been able to sustain strong growth while many other highly appreciating areas have taken substantial hits over the past year or so. With the redevelopment projects taking place all over town and especially the downtown & Strip area, we are struggling to meet the demand for high-rise luxury condo living, mixed-use developments, live/work opportunities, etc. Las Vegas is known for reinventing itself, and we are in the beginning stages of a major reinvention with the high-rise living and the “Manhattanization” of Las Vegas. It’s been said that Las Vegas (which was once one of the most affordable places to live) will be one of most expensive places in the next 5 to 10 years. With over 6,000 people moving here every month, and the limited buildable land, we are having to adapt to more vertical style housing (high & mid rise condos). People are continuing to flock to Las Vegas for employment, entertainment, and over-all quality of life. See the ‘Interesting facts about Las Vegas’ below.

Employment

Las Vegas has consistently maintained the highest new job growth in United States. Of the 25 cities likely to have the country’s highest employment growth over the next five years, Las Vegas ranked sixth in a recent Forbes Magazine study.

Since 1990, Las Vegas has also ranked number one in high-tech job growth (primarily high-tech services). The Nevada labor force has increased by nearly 350,000 people in the last decade. More than half of the new companies that recently relocated to the Las Vegas Valley were high-tech/manufacturing firms.

Perhaps not surprisingly, the construction industry continues to be a major employer in Southern Nevada as the demands for residential, resort, office and industrial space continue to soar. With some 6,000 new residents moving to the Las Vegas Valley each month, residential construction is valued at more than $2 billion annually. Likewise, the value of commercial construction exceeds $2 billion annually.

Gaming, Las Vegas’ trademark industry, has served as the catalyst for the lion’s share of the Valley’s phenomenal growth and outstanding economic success. The recent completion of four new mega-resorts on the Las Vegas Strip generated thousands of new jobs.

From finance to construction and retail to service, Las Vegas’ tourist and entertainment venues and hotel and casino resort properties promise a steady demand for jobs as well as creating a wealth of new business opportunities.

Geography

Las Vegas is situated at the southern tip of Nevada in the Great Basin - the western region between the Sierra Nevada and Wasatch mountain ranges - which contains isolated mountains and has no drainage to the ocean.  Official elevation of the city is 2,174 feet.

Square mileage

Clark County 7,910
Las Vegas 84
Las Vegas Valley 514
Nevada 109,806

More than 5,000 people move to Las Vegas each month, making it one of the country's fastest growing cities.

2004 Population - Clark County

By city

Boulder City 15,342
Henderson 234,320
Las Vegas 559,824
North Las Vegas 168,081
Mesquite 16,180
Unincorporated rural areas 30,306
Unincorporated urban areas 722,972
Total Clark County 1,747,025

Source: Las Vegas Perspective 2005

Length of Residence in Years

Less than one 8.8%
One to five 23.8%
Six to 10 19.6%
11 to 20 20.7%
More than 20 27.1%

Source: Las Vegas Perspective 2005

Income

Median household income $47,097
Household income  
less than $15,000 10.7%
$15,000-$19,999 4.4%
$20,000-$24,999 8.1%
$25,000-$34,999 11.5%
$35,000-$49,999 19.1%
$50,000-$74,999 22.7%
$75,000-$99,999 12.1%
more than $100,000 11.4%

Source:Las Vegas Perspective 2005

First Settlement:  Genoa, near Carson City, settled by Mormons in 1849, then called Mormon Station.

Name:  Adopted in 1861 when territory was established; from Spanish meaning "snow-capped."

Statehood:  Admitted as State of Nevada on October 31, 1864.  Now a state holiday.

State Capital:  Carson City, selected 1864.

State Flag:  On a cobalt background.  In the upper left quarter is a five-pointed silver star between two sprays of sagebrush crossed to form a wreath; across the top of the wreath is a golden scroll with the words, in black letters, "Battle Born."  The name "Nevada" is beneath the star in gold letters.  Design adopted March 26, 1929, revised 1991.

State Seal:   Designed in July 1864 and adopted February 24, 1866. A blue seal is embossed with the words “The Great Seal of the State of Nevada" around the outer edge. Within this is a composite picture showing the mining, agriculture, industry and scenery of Nevada, under which is a scroll with the State motto, "All for our Country".

Las Vegas: Weather
Low humidity along with ideal spring and fall temperatures make Las Vegas a great place to visit any time of the year. The average year round temperature is 80 degrees. Las Vegas is one of the sunniest cities in the United States -- with an average 320 days of sunshine per year and only 4.19 inches of rainfall.

Because of its high desert elevation (2,174 feet above sea level), the temperature range can be extreme. During the summer, daytime temperatures often reach 100 degrees. In the winter, the temperature may drop as low 33 degrees, although the average high is between 50 and 60 degrees. It rarely falls below freezing in Las Vegas. When it does, it is usually only in the early morning.

You can enjoy a wide variety of sports year round. Though the winter weather is less dependable than the spring or fall, the winter months are generally pleasant and well suited to outdoor activities. For example, you can water ski on Lake Mead in the morning and snow ski at Lee Canyon in the afternoon.

From mid-May to mid-September, when the heat is most intense, you can swim, sun bathe, sail or water ski. Just make sure you have plenty of sun screen, and a hat. It’s also an ideal time to head for Mt. Charleston (only 15 minutes outside Las Vegas) where the average temperature is 20-25 degrees cooler than Las Vegas.

Listed below are the average daily high and low temperatures by month:

Month High/Low
January 56/ 33
February 67/ 37
March 68/ 42
April 77/ 49
May 87/ 59
June 98/68
July 105/75
August 110/ 78
September 95/ 65
October 84/ 53
November 66/ 41
December 57/ 33

Seniors/Retirement

Each of us has a vision of what the "ideal retirement" scenario is.  For many seniors, ideal retirement is Las Vegas.  A warm climate and sunny skies 320 days a year provide a soothing backdrop for both relaxation and recreation.  World class golf courses, parks and a host of outdoor activities are readily available.  Gardening, entertaining and just plain lounging on the patio are all enhanced by the absence of annoying insects like mosquitoes.

The Las Vegas area boasts some of the most reasonable housing costs in the country.  Property taxes are very low and there is no state income tax.  All of these factors allow seniors, especially those on fixed incomes, to enjoy one of the fines retirement lifestyles anywhere in the U.S.

The number of health care facilities in Las Vegas is growing as fast as the number of residential developments.  More and more modern clinics and hospitals dot the landscape as more and more seniors discover the advantages of a retirement lifestyle in Las Vegas. There are also many social service agencies that provide opportunity and activities for seniors who are so inclined.

Of course, sensational restaurants, big name entertainment, casino gaming excitement and retail stores from chic to cheap are only a few minutes away for any senior in Las Vegas.

Recreation

Four seasons of fun in Las Vegas? You bet! The Las Vegas area is a paradise for all kinds of recreational and sightseeing activities. Dozens of verdant and challenging golf courses beckon the golfer twelve months a year. Lake Mead's deep blue waters and 550 miles of shorelines are enjoyed by boaters, water skiers, swimmers, and people hoping to hook a trophy fish. The Colorado River offers unforgettable white water rafting. For hiking, rock climbing and outdoor photography there's Red Rock Canyon and Mt. Charleston. Skiers love Mt. Charleston and the many other ski slopes within a short drive of Las Vegas for their winter fun. Day tours to the Grand Canyon, Valley of Fire and Death Valley are what memories are made of. And Hoover Dam isn't called the "Eighth Wonder of the World" for nothing.

Las Vegas is home to Nellis Air Force Base and the mighty Thunderbirds precision flying team. Just north of Las Vegas near Nellis Air Force Base is the finest motor sports facility in the world: Las Vegas Motor Speedway, home to NASCAR's "Las Vegas 400" and a host of other world class motor racing events. For sports fans, there's AAA baseball with the Las Vegas Stars, PGA and LPGA tournaments, and the always-popular UNLV Rebels!"

Health Care 

It’s hard to believe now, but it wasn’t very long ago that two hospitals – one on the east side of town, one on the west – were sufficient to serve the health care needs of Las Vegas.  Today, the city is home to 11 hospitals, supported by dozens of satellite offices, medical centers, and quick-care facilities.  City fathers recognized early the need to stay one step ahead of Las Vegas’ population increase, which has been unparalleled in the nation for the past decade.

The expansion has been one of quality as well as of quantity.  The new facilities feature state-of-the-art equipment and a combined medical and support staff of almost 13,000 people.  Medical care in Las Vegas has achieved the same gold standard level of proficiency offered by such nationally known institutions as the May Clinic and Johns Hopkins.  As a result, there is almost no medical procedure, no matter how sophisticated, that cannot be performed locally.

Area Hospitals and Medical Centers

Boulder City Hospital
901 Adams Blvd.
Boulder City, NV 89005
(702) 293-4111

Desert Springs Hospital
2075 E. Flamingo Rd.
Las Vegas, NV 89119
(702) 733-8800

North Vista Hospital
1401 E. Lake Mead Blvd.
N. Las Vegas, NV 89030
(702) 649-7711

Mike O’Callaghan Federal Hospital
1701 W. Charleston Blvd.
Las Vegas, NV 89102
(702) 636-3000

Mountain View Hospital
3100 N. Tenaya Way
Las Vegas, NV 89128
(702) 255-5000

St. Rose Dominican Hospital
Rose De Lima Campus
102 E. Lake Mead Dr.
Henderson, NV 89015
(702) 616-5000

St. Rose Dominican Hospital
Siena Campus
Eastern Ave. and Lake Mead Dr.
Henderson, NV 89123
(702) 616-5000

Summerlin Hospital Medical Center
653-657 Town Center Dr.
Las Vegas, NV 89134
(702) 233-7000

Sunrise Hospital and Medical Center and Sunrise Children’s Hospital
3186 S. Maryland Pkwy.
Las Vegas, NV 89109
(702) 731-8000

University Medical Center (UMC)
1800 W. Charleston Blvd.
Las Vegas, NV 89102
(702) 383-2000

Valley Hospital Medical Center
620 Shadow Ln.
Las Vegas, NV 89106
(702) 388-4000

Vehicle Registration

For updated and complete information about driver's licenses and vehicle registration, please visit the Nevada Department of Motor Vehicles web site
New residents have 30 days to register their vehicles in Nevada. There is no grace period for vehicle plates.

Drivers applying for registration must provide the following documents:

  • Current registration certificate
  • Out-of-state license plates
  • Title - unless it is held by a lien holder
  • Nevada evidence of insurance card. You must have a liability insurance policy in the amount of $15,000 for the death of injury of one person; $30,000 for the death or injury of two or more persons; and $10,000 for property damage. You must carry proof of insurance in your vehicle
  • A Nevada smog emission certificate
  • An Emission Control Inspection Certificate obtained from an authorized service station (most gas stations and dealers are licensed)
  • Vehicle Inspection Certificate verifying the identification number of the vehicle
  • An odometer reading at the time of registration
  • A copy of the leasing agreement if the vehicle to be registered is being leased

Vehicle purchased in state from dealer:

  • Green copy of dealer’s report of sale
  • Nevada evidence of insurance card
  • If the vehicle is used, you need an emission control inspection
  • If transferring plates from another vehicle, you will need registration certificate or license plate number

Vehicle purchased from dealership out of state :

  • All applicable bills of sale, contracts, manufacturer’s certificates of origin, lease agreements required
  • Use/sales tax is 7% of full purchase price, 5% of trade, if appropriate, is credited
  • Reciprocity of taxes paid to another state credited upon verification

Vehicle purchased from private party:

Five percent sales tax is collected at time of registration based on manufacturer’s suggested retail price. If an authorized appraisal is presented, the 5% tax can be calculated from that figure.

The basic registration fee is determined by the manufacturer’s suggested retail price, the age of the vehicle and the weight of the vehicle. For passenger cars under 8,500 pounds, the fee is $27.00 plus $6.00 for the support of the Nevada Highway Patrol and a road tax.

Personalized Plates: $36.00 and $20.00 annual renewal fee in addition to all other applicable fees. Maximum of seven spaces.

Certificate of title fee : $20.00, vehicle registration outside Nevada.

Utilities:

 Water

Las Vegas Valley Water District
Southern Nevada receives nearly 90% of the water it uses from the Colorado River, which supplies Lake Mead, and about 10%from ground water. Las Vegans use about 178 gallons of water per day per person, an inflated figure because of the number of tourists visiting the city.

1001 S. Valley View Blvd.
Las Vegas, NV 89153
Customer Service: (702) 870-4194
Water Conservation Hotline: 258-SAVE or 258-7283
Emergency: (702) 258-3150 after 5 p.m.
Call Before You Dig: 1-800-227-2600
Hours: 8:00 a.m. - 5:00 p.m.

Electric

Nevada Power Company
Nevada Power gets only 4% of its power from the Hoover Dam. Most of Nevada Power’s energy is generated by coal-fired and natural gas plants in the West. Nevada Power uses purchased power for 45% of Southern Nevada’s power. Residential air conditioning accounts for almost 50% of the energy use annually.

6226 W. Sahara Ave.
Las Vegas, NV 89102

Turn on or off: (702) 367-5555
Emergency: (702) 367-5555
Spanish: (702) 367-5554
Call Before You Dig: 1-800-227-2600

Residential deposit: Figured at 1.5 times the residence’s highest monthly bill and billed in three installments. It may be waived with a letter of good credit or may be refunded after one year of good credit. $90 deposit for new-home residences.

Gas
Southwest Gas Corporation
Customer Service & Operation Center
4300 W. Tropicana Ave.
Las Vegas, NV 89103

Turn on or off: (702) 365-1555
Bill Inquires/Repair: (702) 365-1555
Emergency: (702) 365-1111

Residential deposit: $50; may be waived with letter of good credit or may be refunded with interest after one year of good credit; no deposit for senior citizens 62 years old or older.

Garbage
Republic Services of Southern Nevada
770 E. Sahara Ave.
P.O. Box 98508
Las Vegas, NV 89193-8508
(702) 735-5151

Residential service twice weekly. The rate is approximately $34.00 per quarter. There is an additional charge for container rentals.

Sewer
Clark County Sanitation District
5857 E. Flamingo Rd.
Las Vegas, NV 89122

Billing & Inquiries and connection: (702) 458-1180
Toll free: 1-800-782-4324
Emergency after hours: (702) 795-3111

Payments are made quarterly, semi-annually or annually. No deposit is required.

Cable TV
Cox Communications
121 S. Martin Luther King Blvd.
Las Vegas, NV 89106
(702) 383-4000

Cox Communications offers basic cable, digital cable and high-speed internet access in several different packages.

WANTV Cable
975 American Pacific Drive #101
Henderson, NV 89014
(800) 688-4338

WANTV is a wireless cable service offering basic cable. 

Telephone
Sprint
330 S. Valley View Blvd.
Las Vegas, NV 89152

Residential Service: (702) 244-7400, 1-800-877-7077
Business Service: (702) 244-6087

Deposits: Minimum $50 for residential service or $100 for business; may be waived with a letter of good credit or refunded after one year of good credit refunded after one year of good credit.

Mpower Communications
3165 Palms Center Drive
Las Vegas, NV 89103
Residential Service: (702) 310-3100
Business Service: (702) 310-3100

Deposits: Installation charge plus first month’s service paid in advance; may be waived with a letter of good credit from a utility or prior phone company.

XO Communications (for businesses only)
2240 Corporate Circle Drive
Henderson, NV 89014
Business Service: (702) 990-1000

A minimum contract for one-year of service is required; the deposit is determined after the credit check.

Long Distance Service
AT&T:
Business Service: (800) 222-0400
Residential Service: (800) 222-0300

Express Tel:
(702) 731-2776
(800) 748-6777

MCI Telecommunications Corp.:
Business Service: (800) 888-0800
Residential Service: (800) 950-5555

Sprint Business Long Distance Services:
(702) 692-4307

XO Communications
Business Service: (702) 990-1000 

   
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