Seasonal Businesses Help Full-time Stores - 8 News NOW

Seasonal Businesses Help Full-time Stores

Posted: Updated:
  • BusinessMore>>

  • Nevada Approves Tax Credit for Mall Cop 2

    Nevada Approves Tax Credit for Mall Cop 2

    Monday, March 17 2014 2:03 PM EDT2014-03-17 18:03:39 GMT
    CARSON CITY, Nev. (AP) -- Nevada's economic director has approved $4.3 million in transferrable film tax credits for the production of "Mall Cop: Blart 2" in Las Vegas. Sony Pictures plans to shoot theMore>>
    Nevada's economic director has approved $4.3 million in transferrable film tax credits for the production of "Mall Cop: Blart 2" in Las Vegas.More>>
  • Dozen With Local Ties Make Forbes Billionaires List

    Dozen With Local Ties Make Forbes Billionaires List

    Monday, March 3 2014 6:05 PM EST2014-03-03 23:05:04 GMT
    LAS VEGAS -- The latest Forbes world ranking of billionaires includes plenty of familiar faces, including a dozen with ties to Southern Nevada. Those with local connections are headed by Las Vegas SandsMore>>
    The latest Forbes world ranking of billionaires includes plenty of familiar faces, including a dozen with ties to Southern Nevada.More>>
  • Henderson Company on Cutting Edge of 3D

    Henderson Company on Cutting Edge of 3D

    Monday, February 24 2014 7:16 PM EST2014-02-25 00:16:24 GMT
    HENDERSON, Nev. -- Imagine being able to make a replica of anything. For example, a hard-to-find car part, a door stop or even a liver. It may sound like fiction, but it is quickly becoming a reality withMore>>
    Imagine being able to make a replica of anything. For example, a hard-to-find car part, a door stop or even a liver. It may sound like fiction, but it is quickly becoming a reality with 3D printing.More>>

LAS VEGAS -- Seasonal brick-and-mortar stores are hiring temporary help and filling empty commercial space at the same time.

From the Halloween superstores to those selling Christmas decorations, seasonal businesses are also helping to lower real estate vacancies in the Las Vegas valley.

Many small business are taking chances, leasing commercial space at a faster rate than seen in the past five years in the valley.

"If you are looking to find a space, it's a pretty good time to do so," said Mike Montadon of Voit Real Estate Services.

Montandon, who worked in construction management and also served as North Las Vegas mayor, said in his experience, with fewer new buildings being built and more affordable leasing deals being offered, real estate vacancies will drop.

"Nobody is building anything, so it doesn't take much growth to get it to come back," he said.

The Las Vegas retail vacancy rate has fallen from about 15 to 10 percent and seasonal businesses help by leasing space for a short time, but an expert said that can have a long-term impact on the bottom line.

"Every job that's created gets everybody a little more excited and helps to add more buying power to another person down the line," said Kit Gaski of Voit Real Estate Services. "That adds another shopping tenant."

Bakery owner Sonja McDonald said she hopes to see more tenants and the leasing signs in her shopping center removed as more people take chances on their dreams and the Las Vegas economy.

"It's better to have tried it than not to do it at all," she said.

The national retail vacancy rate is about 7 percent.

Experts said cities that are filling up the most storefronts are those with above average job creation, which is something Las Vegas lacks.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KLAS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.