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There’s a lot going on in Las Vegas right now. The city is known to have reinvented itself time after time, and this time, it has to do with the music industry. Sin city was originally known for its casinos, and then its lovely showgirls and all the related immoralities. But as casinos have been springing up every other place, including the possibilities of online gambling, the city has slowly shifted its focus over the years. Today, the entertainment industry plays a huge role in the local economy of Las Vegas, and especially musicians, DJs and the rest of the music industry.
The Old Vegas Music Scene
Lots of people still have the old image of the Las Vegas music scene in their minds, explains real estate agent Blake Leavitt, who works with Berkshire Hathaway Home Services in Summerlin, Nevada to find Henderson condos for sale. When people hear about concert shows and night clubs in Las Vegas, images of Elvis Presley and his iconic outfits come to mind, but things have seriously changed since them. Over the years, the music industry of Sin city has slowly transformed to include artists like Wayne Newton and Celine Dion, and slowly built up a nightlife focused on today’s popular culture. But even these too are becoming a thing of the past, as the Las Vegas music scene continues to evolve.
The New Vegas Music Scene
The Las Vegas music scene has evolved into something really big currently, with a corresponding boom in music related commercial real estate properties. According to Blake Leavitt, there has been a dramatic increase in the market value of any commercial property that could be used as either a nightclub, a bar with live music or even a space for small scale concerts. This is because of the rise in performances and shows of both big name musicians and many other upcoming artists. The values of the venues for music related entertainment has therefore been on the rise for many years now. Today, you get to see artists like Hiphop’s Drake, Jennifer Lopez, Pitbull, Bruno Mars, Taylor Swift and a host of big name DJs.
The Current Growth in Music Related Real Estate
The main driver of business in today’s Las Vegas is not gambling but the ‘Las Vegas’ experience. What hotel owners do is to sell unique or extraordinary experiences. Such experiences also include nightclubs and other many music related ventures. Nightclubs have been known to be a major source of income for Vegas entrepreneurs like Steve Wynn and his hotels. Then there are nightclubs like XS, Hakkasan, Hyde and other venues like Carnaval Court, Angel Park, Jazz in the Park and plenty more. This boom has made available real estate properties scarce, and prices high. Also, apart from arenas like Brooklyn Bowl, Drai’s Beach & Nightclub, and the T-Mobile Arena, there are other upcoming properties, including an over 17,000 seat music arena. “Long story short, any real estate property that has anything to do with music, is hotcake right now” concludes Blake Leavitt, the real estate agent from Summerlin NV.
Nobody knows what’s going to come next in Vegas. One thing for sure though is that Sin city will continue to reinvent itself, evolve and thrive. Having grown from a barren desert into a mega-metropolis with some of the most expensive real estate properties in the world, nothing is impossible for the city of Las Vegas.
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