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Adam Schmitt

Vice President - CBRE

Adam Schmitt is a First Vice President at CBRE, specializing in Multifamily Investment Properties in Las Vegas.12 He has over 8 years of experience in the commercial real estate industry, focusing on the multifamily market in Southern Nevada.3

As part of the CBRE Las Vegas Multifamily Group, Schmitt is involved in listing and marketing multifamily properties.1 He has demonstrated expertise in analyzing market trends and providing insights on the Las Vegas multifamily sector. In 2022, Schmitt noted that the Las Vegas market was experiencing a robust multifamily construction pipeline, with a focus on luxury Class A developments catering to lifestyle renters.2

Schmitt's analysis of the Las Vegas market highlighted:

  • A projected increase in multifamily unit construction, with over 8,000 units expected in 2022 and at least 16,000 in 2023 and beyond.2
  • Strong rent growth in the Class A space, with a 23.6% year-over-year increase as of Q1 2022.2
  • High occupancy rates, averaging 96.9% in 2021 for Class A assets.2
  • A favorable job creation to residential supply ratio, indicating a balanced housing market in Las Vegas.2

His role at CBRE involves providing valuable market insights and supporting multifamily investment transactions in the Las Vegas area.

Highlights

Jan 31 · cbre.com
Andy Schmitt - CBRE
Andy Schmitt - CBRE
Luxury Dominates Vegas' Multifamily Market - REBusinessOnline

Related Questions

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Adam Schmitt
Adam Schmitt, photo 1
Adam Schmitt, photo 2
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Location

Las Vegas, Nevada, United States