Why CRE Investors Choose Lake Havasu
The Lake Havasu commercial real estate market has taken off in recent years. A growing number of investors recognize the value of the market and are investing in various ways. We see an increasing demand for real estate in the retail and hospitality sectors. There are also some exciting new developments in Lake Havasu.
But what is driving all this market activity? This post explores factors that make CRE investors choose Lake Havasu.
Why CRE Investors Choose Lake Havasu
The Booming Tourism Industry
You can’t talk about what makes Lake Havasu attractive to CRE investors without covering the tourism industry. The area attracts over 800,000 visitors annually. The sunny weather is a significant draw. People also come from all over for boating, hiking, off-roading, and other outdoor activities. Lake Havasu also hosts several popular events. This steady stream of visitors fuels demand for retail shops, restaurants, hotels, nightlife, and more. As tourism continues to grow, it will create more opportunities for investors.
A Growing Permanent Population
Beyond the increase in visitors to Lake Havasu, the local permanent population is also growing. The population growth in Lake Havasu City is currently exceeding 1% annually, more than double the national average.
That doesn’t take into account the growing number of seasonal residents. As the permanent population grows, it will increase demand for a range of businesses. They’ll need retail stores, groceries, restaurants, healthcare services, home service companies, and more. The area also appeals to a diverse range of demographics, offering varied investment opportunities.
An Ideal Location
The location is another reason Lake Havasu appeals to CRE investors. Highway 95 runs through Lake Havasu City, offering excellent accessibility. Interstate 40 is also just north of the city. Beyond supporting tourism, this accessibility benefits logistics, distribution, and supply chain concerns. With its strategic location, there is likely to be a growing demand for industrial real estate in Lake Havasu.
Diverse Investment Opportunities
Investors also come to Lake Havasu for the diversity available in the market. The robust tourism industry drives demand for hotels and other accommodations. With various businesses connected to outdoor recreation and entertainment, tourism and population growth push demand for retail space and restaurants. Multifamily housing and mixed-use developments are becoming increasingly viable as more people choose to live and work in Lake Havasu. Additionally, there is a growing demand for various types of storage investments in Lake Havasu.
Are you interested in commercial real estate investments in Lake Havasu? Shuffler Commercial Realty can help you navigate the market. Randy Shuffler is a CCIM with years of experience helping investors in Lake Havasu City. Reach out now to schedule a consultation.
