4505 Maryland Parkway Las Vegas NV 89154: A Thriving Business District
Nestled in the heart of Las Vegas, 4505 Maryland Parkway is a vibrant business district that has witnessed remarkable growth in recent years. This article delves into the nitty-gritty of this bustling area, exploring its economic landscape, key industries, and promising investment opportunities.
Economic Landscape
According to the U.S. Census Bureau, the Las Vegas metropolitan area boasted a GDP of $136.8 billion in 2021, with 4505 Maryland Parkway serving as a major contributor. The area is home to numerous small and medium-sized businesses, as well as some of the world’s top corporations.
Key Industries
4505 Maryland Parkway is a hub for diverse industries, including:
Tourism and Hospitality
Las Vegas is renowned for its world-class casinos, resorts, and entertainment venues. The proximity of 4505 Maryland Parkway to the Las Vegas Strip makes it an ideal location for businesses catering to tourists.
Healthcare
The healthcare industry is booming in Las Vegas, with several major hospitals and medical centers located within close proximity to 4505 Maryland Parkway. This provides a strong market for medical equipment, supplies, and services.
Technology
Las Vegas is rapidly emerging as a tech hub, with numerous tech startups and innovation centers setting up shop in the area. 4505 Maryland Parkway offers a prime location for tech businesses seeking proximity to talent and infrastructure.
Investment Opportunities
Commercial Real Estate
The commercial real estate market in 4505 Maryland Parkway is robust, with high demand for both office and retail space. The area’s strong economic growth and convenient location make it an attractive destination for investors.
Multifamily Housing
The Las Vegas housing market is experiencing a surge in demand for multifamily housing, particularly among young professionals and families. 4505 Maryland Parkway offers opportunities for multifamily developments that cater to this growing need.
Mixed-Use Developments
Mixed-use developments that combine residential, commercial, and recreational amenities are becoming increasingly popular in 4505 Maryland Parkway. These projects offer investors the potential for strong returns and community building.
Recent Developments
Allegiant Stadium
The construction of Allegiant Stadium, home to the Las Vegas Raiders NFL team, has spurred significant economic activity in the 4505 Maryland Parkway area. The stadium has attracted numerous hotels, restaurants, and other businesses to the surrounding area.
UNLV Medical School
The University of Nevada, Las Vegas’ Medical School, located just a few miles from 4505 Maryland Parkway, is a major catalyst for healthcare innovation and economic development in the area.
Convention Center Expansion
The Las Vegas Convention Center, a major economic driver for the city, is undergoing a major expansion that is expected to attract even more conventions and trade shows to the area.
Conclusion
4505 Maryland Parkway Las Vegas NV 89154 is a vibrant and dynamic business district that offers a wealth of opportunities for businesses and investors alike. Its strong economic growth, diverse industries, and attractive investment prospects make it an ideal location for companies looking to grow and expand in the heart of Las Vegas.
Frequently Asked Questions
What is the average rent for office space in 4505 Maryland Parkway?
The average rent for office space in 4505 Maryland Parkway ranges from $25 to $35 per square foot, depending on the location and amenities.
What is the population of 4505 Maryland Parkway?
The population of 4505 Maryland Parkway is approximately 25,000 people, consisting of a diverse mix of residents, business owners, and tourists.
What is the traffic like in 4505 Maryland Parkway?
Traffic in 4505 Maryland Parkway can be heavy during peak hours, but the area is well-connected by major highways and public transportation options.
What are the best restaurants in 4505 Maryland Parkway?
4505 Maryland Parkway boasts a wide range of restaurants, from fine dining establishments to casual eateries. Some of the most popular restaurants include:
| Restaurant | Type | Cuisine |
|---|---|---|
| Gordon Ramsay Steak | Fine dining | Steakhouse |
| Yardbird Southern Table & Bar | Casual | Southern |
| L’Atelier de Joël Robuchon | Fine dining | French |
Additional Resources
Websites
Books
- The Las Vegas Economy: A City in Transition
- The Business of Las Vegas: The Casino Industry and the Rise of a City