LAS VEGAS Cushman & Wakefield Global Cities Retail Guide
LAS VEGAS Cushman & Wakefield Global Cities Retail Guide Cushman & Wakefield | Las Vegas | 2019 0 Sin City, Lost Wages, or the City of Lights: no matter what you call it, Las Vegas is indisputably the entertainment capital of the world. The city is best known for its mega- resorts, casinos, nightlife– and of course, the world-famous Las Vegas Strip. In addition to its mega-resort patrons, Las Vegas hosts over 6.6 million meeting and convention attendees each year in its 11 million square feet (sf) of meeting and exhibit space, more than any other city in the United States. In the past few decades, Las Vegas has also become one of the top fine dining and upscale shopping cities in the world. Many famous chefs have established restaurants in Las Vegas, including Wolfgang Puck, Bobby Flay, Pierre Gagnaire, Joel Robuchon, Gordon Ramsay, Guy Savoy, Giada De Laurentiis and Alain Ducasse, just to name a few. Many of these restaurants are housed in the seemingly endless supply of four- and five-star hotels including the Bellagio, Caesars, Four Seasons, Wynn and Aria Resort. Since the Great Recession, Las Vegas has experienced double-digit gains in taxable sales and housing values, along with record highs in visitors to the city. More telling is the number of new projects and developments that have opened or been announced recently, including new sports stadiums for minor league baseball, hockey and of LAS VEGAS course football. Other major anticipated projects include Resorts World by Genting, Park MGM, the new mega- resort taking the place of the Monte Carlo, Waldorf Astoria OVERVIEW taking the place of the Mandarin Oriental, Area 15, the virtual reality, art and entertainment destination just west of the Strip and the Madison Square Garden Sphere, 360- foot spherical music venue and entertainment complex that will be connected to the Venetian and Palazzo by a pedestrian bridge.
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