HIGH-RISE CONDO MARKET COULD TOP OUT
By Tony Illia, LAS VEGAS BUSINESS PRESS

High-rise mania has hit Las Vegas with the sudden intensity of a desert storm. Luxury tower living is being marketed as the epitome of cool, a white-hot fashion trend among the wealthy and well-to-do. Many local and out-of-state developers are betting big bucks on the market's sustained popularity with buyers over the next decade. The units generally range from 700 to 2,500 square feet in size, and cost anywhere from $350,000 up to $4 million. A single-family detached home, by comparison, averages 2,200 square feet in size and costs about $298,000.

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