NAIOP Southern Nevada Sets Jan. 15 Breakfast Meeting Sharing Insights That Will Move the Commercial Real Estate Markets in 2026 January 5, 2026 By B&P LAS VEGAS – NAIOP Southern Nevada is kicking off the new year with its Jan. 15 breakfast program sharing key insights that will move commercial real estate markets in 2026. It’s the start of a new year full of opportunities and potential challenges for the commercial real estate industry in Southern Nevada. At the January NAIOP breakfast, industry leaders will provide their insights on what will move the markets in 2026 to give attendees and online viewers the information they need to prepare for 2026. Panelists include Peter Kroner, director of national industrial market intelligence at Avison & Young, and John Restrepo, principal at RCG Economics. Kyle Nagy, a founder and director of CommCap Advisors, will moderate the panel. Martin Harris Construction is sponsoring the event. As Southern Nevada’s premier commercial real estate association, NAIOP brings together the brightest minds through dynamic monthly gatherings. From insider market insights to game-changing strategies, its programs give members a competitive edge in this evolving industry. From seasoned [...]

Welcome to robot Vegas: Up to 95 percent of hospitality jobs in Sin City could be replaced by AI, report says Erin Keller In Ohio Tuesday 25 November 2025 17:24 EST The future is here. Walking into a major Las Vegas casino-resort today may look very different from a decade ago, as new research suggests that more resorts are expected to replace hospitality workers with AI or robots. What once seemed like science fiction is rapidly becoming reality, as a report byRCG Economics states that 80 to 95 percent of hospitality jobs could be at risk from AI and automation by the end of next year. By 2027, several hospitality roles in Vegas face a high risk of automation. Customer service representatives have an 80 to 90 percent chance of being replaced, while reservations agents and call center operators face an even higher risk of 85 to 95 percent. Data entry personnel are also vulnerable, with their roles facing an 80 to 90 percent likelihood of automation. READ THE REST OF THE ARTICLE

Report: up to 95% of Las Vegas hospitality jobs at risk from AI by Steve WolfordMon, November 24, 2025 at 6:25 PM LAS VEGAS (KSNV) — Las Vegas, known for its constant reinvention, is facing a new challenge as artificial intelligence and automation threaten to transform the hospitality industry. A report from RCG Economics warns that between now and the end of next year, 80% to 95% of hospitality jobs could be at risk due to AI and automation. By 2030, 65% to 80% of front desk and accounting clerks, housekeeping dispatchers, and up to half of all food service workers may face similar threats. Economist Mike Pequeen from Hightower Las Vegas highlighted the potential impact, stating, "Right now, we have a little over 300,000 people employed directly in the hospitality industry in Southern Nevada. According to this RCG report, somewhere between 77,000 and 92,000 of those people could have their jobs at risk in the next few years based on the development of AI and automation." Despite the rapid advancements, Aya Shata, an assistant professor and AI expert at UNLV, believes AI is not poised to replace many [...]

Las Vegas has a wave of new entertainment jobs. But do they diversify the economy? By Eli SegallLas Vegas Review-Journal September 24, 2025 - 5:00 am With concerts at the Sphere, Raiders games at Allegiant Stadium and Formula One racers flooring it, Las Vegas has upped its offerings outside casinos in recent years. The surge of new entertainment provides more reasons to visit Vegas, or at least more places to spend money, and boosts a segment of the local workforce. But a big question remains. Does it diversify Las Vegas’ tourism-heavy economy? From a data standpoint, it doesn’t, as entertainment jobs are part of Las Vegas’ already-dominant leisure and hospitality sector. Experts who track the local economy say that more shows, sporting events and the like diversify and enhance the region’s main industry. But they had differing views on whether this makes Southern Nevada, with its track record of economic booms and busts, more resilient to a broader slowdown — a pressing issue yet again this year as tourism slumps. David Schmidt, chief economist with the Nevada Department of Employment, Training and Rehabilitation, said the question of whether increased entertainment helps insulate [...]

Regional US casinos cash in as gamblers shun pricey Vegas trips Stephanie Stacey in London and Taylor Nicole Rogers in New York Published Sep 22 2025 Casinos around the country enjoy an unexpected revival as the Nevada hotspot falls victim to the spending slowdown Regional US casinos are benefiting at the expense of Las Vegas as gamblers cut back on expensive vacations to the city, in another symptom of the growing consumer caution sweeping the US. Gross gaming revenue — the difference between sums wagered and the winnings paid out — was up 5 per cent in July and 6 per cent in August at casinos outside Nevada, compared with the same months in 2024, according to published state gaming reports collated by Barclays Research. Brandt Montour, an analyst at Barclays, said the outperformance of regional casinos has come “at the expense” of those in Las Vegas, where the number of domestic and international visitors, particularly from Canada and Mexico, is declining. Almost 8 per cent fewer people visited Las Vegas in the year to July compared with the same period in 2024, according to figures from the Las [...]

By: Bloomberg Finance L.P. and Wells Fargo Economics (May 09, 2025) Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: CPI (MoM) reversing sign from -0.1% to 0.2% Retail Sales (MoM) decreasing from 1.5% to 0.1% PPI Final Demand (MoM)reversing sign from -0.4% to 0.2% READ THE ORIGINAL ARTICLE

Developers address challenges of valley’s development BY BUCK WARGO LAS VEGAS BUSINESS PRESS April 22, 2025 - 9:55 am The Southern Nevada Chapter of NAIOP hosted its April breakfast meeting on future development in the Las Vegas valley that portrayed challenges ahead for the marketplace. Entitled “Building Up or Sprawling Out: The Southern Nevada Growth Debate,” the April 10 meeting of the development organization at The Orleans included Frank Maretti, founder of G2 Capital Development; Guy Martin, president of Martin Harris Construction; and John Restrepo, principal of RCG Economics. Steve Neiger, principal of CAST, moderated the discussion that examined the region’s potential shift from horizontal expansion to high-density infill development. “Nevada is a unique state and Southern Nevada is even more unique in terms of federal ownership,” Restrepo said. “The idea that we have lots of land to develop is not true compared to other states. Some 89 percent to 90 percent of Clark County is controlled by the federal government and various federal agencies. We’re limited in our land resources, and we’ve known it. We’ve just not done enough to move things along in terms of getting more [...]

Tariffs, Layoffs, Have Consumers Depressed March 31, 2025 By Las Vegas Private Lenders LLC Consumers are feeling the funk and it’s not yet Liberation Day (April 2). The University of Michigan index came in at 57 this month, the lowest level in three years, marking a decline from 64.7 in February and 79.4 a year ago. Two-thirds of consumers expect higher unemployment in the next year, the highest reading since 2009, reports the Wall Street Journal. “There’s a very broad consensus that the outlook has weakened compared with February,” Joanne Hsu, the survey’s director told the WSJ. “Consumers are worried about a whole bunch of things at this point,” she added, citing downbeat survey responses about employment, inflation and personal finances. Elon’s DOGE boys are running with chainsaws and big, small, reciprocal, or whatever kind of tariffs look eminent.  David Ricardo’s comparative advantage is getting no trunk at the White House. High Tower Las Vegas and RCG Economics, in their latest Fact Pack! put some numbers to the consumer doldrums. U.S. employers announced 172,017 layoffs in February, up 245 percent from January and the highest monthly count since July 2020. More than one-third — [...]

NAIOP Southern Nevada Presents “Building Up or Sprawling Out: The Southern Nevada Growth Debate” at April 10 Breakfast March 26, 2025 By B&P Industry experts will debate the Las Vegas Valley’s development future at NAIOP Southern Nevada’s April 10 breakfast meeting, “Building Up or Sprawling Out: The Southern Nevada Growth Debate.” The panel includes Frank Maretti, founder of G2 Capital Development; Guy Martin, president of Martin Harris Construction; and John Restrepo, principal of RCG Economics. They will examine the region’s potential shift from horizontal expansion to high-density infill development. Steve Neiger, principal of CAST, will moderate the discussion. The breakfast meeting sponsor is American Nevada Realty. As Southern Nevada’s premier commercial real estate association, NAIOP brings together the brightest minds through dynamic monthly gatherings. From insider market insights to game-changing strategies, its programs give members a competitive edge in this evolving industry. Whether you’re a seasoned pro or new to commercial real estate, NAIOP invites you to experience what makes it the region’s most vital industry network. To register or for more information, call (702) 798-7194 or visit www.naiopnv.org. When: Thursday, April 10 7:30 a.m. – Arrive at the Orleans Hotel [...]

By: Bloomberg Finance L.P. and Wells Fargo Economics (March 14, 2025) Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: Retail Sales (MoM) reversing sign from -0.9% to 0.6% Housing Starts increasing from 1366K to 1385K Existing Home Sales decreasing from 4.08M to 3.93M READ THE ORIGINAL ARTICLE