Local Retailers Grow as Economy Starts to Recover - 8 News NOW

Local Retailers Grow as Economy Starts to Recover

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LAS VEGAS -- More local companies are taking advantage of cheap commercial real estate and using the extra cash to hire additional employees.

Moonwalk Cardio executives were looking for a place where clients could bounce around and they found they had a lot of choices.

"There were so many vacant buildings available here when we were developing the product," said Dennis Dubois with Moonwalk Cardio. "It's a very attractive place to do business from a corporate standpoint, from a tax standpoint. They're very friendly and supportive."

It's the same story for Trendnation CEO Brad Howard. He still can't believe his business went from being run in his home to a 30,000 square foot warehouse. For him, it's not just the business-friendly tax structure that allowed him to expand.

"That coupled with cheap real estate and a wealth of talent coming out of UNLV has made this a fantastic city for us," he said.

Commercial real estate experts at UNLV say the inexpensive commercial property is leading to more jobs.

"As properties rent, that means businesses are growing or expanding, or new businesses are coming to town, and that's very positive for our job market," said commercial real estate expert Marcus Conklin who is with the Lied Institute for Real Estate Studies.

"Those properties will fill up and then we'll see construction again on a grander scale," he said.

Trendnation is already looking in that direction.

"We hope to continue the fast growth. We hope to open a second office. We're targeting for 50 employees for next year," Howard said.

Commercial real estate experts say renting will be very big in the next few years as businesses take advantage of all the vacant buildings rather than building their own facilities.

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