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The Las Vegas real estate scene experienced a significant shift with the opening of the visually stunning MSG Sphere in 2023. This cutting-edge entertainment venue, equipped with immersive technologies, has been attracting visitors in droves for concerts, events, and unique experiences. For those invested in the market, particularly owners and prospective buyers of condominium towers within walking distance, the opening of the MSG Sphere has presented a golden opportunity.
Our team has observed that the appeal and property values of condos near the Sphere have risen, mirroring the trends seen around other major sports and event arenas. The reason is clear – people relish easy access to entertainment, nightlife, restaurants, and the vibrant energy of large crowds and excitement. Areas considered “close to the action” have gained a certain cachet that is quickly reflected in sales prices and rents.
Condominium towers like Allure, The Martin, Veer, Panorama, and Juhl have benefitted greatly from their proximity to the MSG Sphere. The desirable amenities and modern luxury offered in these communities have become even more attractive to buyers and long-term residents. We’ve seen heightened demand pushing up prices and sparking renovations in some buildings to better compete.
- Allure Las Vegas Condos – Luxury high-rise condos located 0.7 miles away from the MSG Sphere site have seen a surge in interest. Amenities like a pool and fitness center add to their allure.
- The Martin Condos – Upscale condos just over 1 mile from the MSG Sphere location have gained popularity. Their contemporary design and proximity to Las Vegas Strip attractions make them a prime choice.
- Veer Towers – The iconic 37-story tower condos with modern architecture, about 1.2 miles from the arena site, offer great views and amenities, enhancing their market value.
- Panorama Towers – Twin luxury towers featuring both condos and apartments for rent, 1.5 miles from the Sphere venue, have seen increased demand. Their private pool deck and fitness center are key attractions.
- Juhl Condominiums – Eclectic low-rise condos located just over 1 mile walk from MSG Sphere have become more coveted for their rooftop pool and character.
The walkable radius around such an iconic performance venue like the MSG Sphere has also spurred the opening of more retail, bars, and everyday shopping outlets to cater to visitors. Over time, this has further increased the vibrancy, visibility, and safety of the area. From an investment standpoint, the long-term economics for condos, high rises, and all real estate near the MSG Sphere have proven quite sound.
The Sphere’s arrival has dramatically increased foot traffic and vitality, turning these prime locations into sought-after real estate hubs. We recommend our clients to quickly secure properties near this lucrative hotspot to avoid missing out as prices continue to rise. Interested buyers should contact our team to seize this pivotal opportunity on the Strip.
