Lake Havasu Real Estate Market Trends: What Investors Should Watch For

Commercial real estate investors can discover promising opportunities in the Lake Havasu area. It is a market on the rise, and there is so much to love about Lake Havasu real estate. This post will cover some Lake Havasu real estate market trends investors should know.

Lake Havasu Real Estate Market Trends

Tourism is Reliable and Growing

Since Lake Havasu is a popular tourist destination, the tourism sector is always ripe for investment. The lake and various local events remain vital tourism draws. If you count the entire Lake Havasu region, there are about 2.5 million annual visitors. That means the hotels, restaurants, and other hospitality businesses catering to tourists offer good opportunities. Additionally, companies related to lake activities and outdoor recreation see strong performance.

Need for Housing

Lake Havasu City has experienced significant and steady population growth in recent years. The current growth rate is over one percent, much higher than the national average. Lake Havasu’s increasing population is resulting in high demand for housing. That makes multifamily housing a potential growth sector in the region. It could also present opportunities for developers to build new communities near Lake Havasu.

Retail Growth

The growing population and booming tourism sector will ripple into other types of commercial properties. One sector expected to see more demand is retail real estate. As new residents settle in, the need for nearby retail and service businesses will rise. Tourists will also need various shopping options to buy things while on vacation. These trends are creating a demand for newer and more modern shopping options for locals and tourists alike.

Local Infrastructure Projects

Lake Havasu City has infrastructure projects underway and in development that will enhance the local market. As the population grows, so does congestion on London Bridge. Lake Havasu City has plans to build a second bridge over the channel. Substantial investments in road upgrades and enhancements to Highway 95 are underway. These projects should boost property values, attract new investments, and facilitate smoother transportation.

Promising Storage Investments

Storage facility investments are on the rise in the Lake Havasu area. Both commercial and residential needs drive the increasing demand. With a growing population and more tourists, there is increased demand for storing recreational vehicles, boats, and personal items. It presents a prime opportunity for investors, as storage facilities promise reliable occupancy rates and consistent returns.

Are you interested in commercial real estate investments near Lake Havasu? Contact Randy Shuffler and his team for assistance. We are local experts who can help with selling, leasing, consulting, asset management, and more. Reach out now to learn more about how we can help you achieve your goals.

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