Las Vegas is rapidly becoming a Hollywood 2.0, with major studios like Warner Bros. Discovery setting up shop in the city. This influx of film production is not only transforming the entertainment industry but also boosting the local economy.

Magenta is proud to present the latest market trends in Las Vegas commercial real estate. Q1 2024 showcased resilience with investment sales of $255.8M and an average price of $242.12/sq ft. Office spaces saw high demand with rents peaking at $28.15/sq ft annually. Residential sales surged, with median prices reaching $465K, up 9.4% from last year. Partner with Magenta for expert guidance in this dynamic market.

Michael Coxen of Magenta Real Estate has been honored with CoStar’s Q3 2023 Power Broker Quarterly Deals Award for his role in the $21.1 million sale of a premier office property in Northwest Las Vegas. As a top-performing agent and Growth Director, Michael continues to set a standard of excellence in the Las Vegas real estate market.