Last year, the Southern Nevada Strong Underutilized Lands Inventory (“the ULI study”) identified 78,285 acres of vacant or “underutilized” land within urbanized Clark County. CREDA’s development community quickly recognized that this figure did not reflect the amount of land realistically available for development and that, without important context, it could shape an inaccurate regional narrative. CREDA therefore moved to commission RCG Economics to provide an independent technical and market-based analysis of the ULI study.
RCG found that the inventory offers useful baseline data but does not consider several factors that determine whether land can realistically be developed, including ownership, title restrictions, zoning, infrastructure, site conditions, costs and market feasibility. These findings provide important context for understanding the region’s continued need for thoughtful federal lands policy.
The CREDA-commissioned analysis has also led to deeper communication with RTC and other local stakeholders, helping ensure that planning for Southern Nevada’s future reflects both public-sector objectives and real-world development considerations.
/wp-content/uploads/2026/06/CREDA-formerly-naiop-header-logo_157x80.png00NAIOP Southern Nevada/wp-content/uploads/2026/06/CREDA-formerly-naiop-header-logo_157x80.pngNAIOP Southern Nevada2026-07-21 17:50:362026-07-21 18:34:57Beyond the Acreage: What Southern Nevada’s Land Inventory Really Tells Us
What limited supply means for retail, industrial and office commercial real estate in Southern Nevada:
Our May 2026 breakfast program examined the critical land supply crisis facing our region and its impact on future commercial real estate development.
Industry experts from RCG Economics and the UNLV Lied Center for Real Estate discuss why federal land constraints present a structural risk to economic diversification and quality of life in the Las Vegas valley.
Governor Joe Lombardo is urging Congress to advance long-stalled bipartisan Nevada lands legislation that would release federal land for housing and responsible development while protecting natural resources.
/wp-content/uploads/2026/06/CREDA-formerly-naiop-header-logo_157x80.png00NAIOP Southern Nevada/wp-content/uploads/2026/06/CREDA-formerly-naiop-header-logo_157x80.pngNAIOP Southern Nevada2026-07-21 16:55:252026-07-21 16:55:25Nevada Governor Lombardo looks for help in Congress to Break Nevada Land Logjam
Businesses and HOAs helping Southern Nevada conserve water
With the clock ticking down to remove useless grass, businesses and HOA communities across the valley are taking advantage of the Southern Nevada Water Authority’s (SWNA) cash incentives by upgrading their non-functional grass with water smart landscaping.
And for good reason.
Starting Jan. 1, 2025, the rebate for such projects will be reduced to $2 per square foot for the first 10,000 square feet of non-functional grass converted to drip-irrigated trees and plants, and $1 per square foot thereafter.
The Aliante Master Association, which oversees the master planned community of Aliante is getting ahead of the game and removed more than 71,000 square feet of grass in April through the SNWA’s Water Smart Landscapes program. That’s enough grass converted to save more than 5 million gallons of water annually.
Businesses, HOAs and multifamily properties can still take advantage of the current rebate of $3 per square foot for the first 10,000 square feet of grass converted and $1.50 per square foot thereafter for projects completed by the end of 2024.
The changes to the cash rebate program come as a state-mandated deadline to remove non-functional grass in the driest city in the nation draws nearer. The Nevada Legislature in 2021 passed a law that prohibits the use of Colorado River water to irrigate non-functional, decorative grass — found along roadways and medians, in front of and around businesses and some of the grass managed by homeowner associations starting Jan. 1, 2027.
For Southern Nevada, grass irrigation remains the largest consumptive use of water from the Colorado River, which provides 90 percent of our limited water supplies. Despite last year’s great winter, the river remains in a federally declared shortage condition that reduces Nevada’s allocation for the third consecutive year.
Some businesses, HOAs and other non-single-family properties across the valley have already taken a major step towards compliance with the law, but there is still a considerable about of useless grass that needs to be removed before the deadline
Once fully implemented, the conservation law will help Southern Nevada save 9.5 billion gallons of water annually. Additional information about both Nevada law and the SNWA’s Water Smart Landscapes rebate program is available at snwa.com.
The SNWA’s Water Smart Landscapes Rebate will be reduced to $2 per square foot for first 10,000 square feet of converted turf starting Jan. 1, 2025. Businesses, HOAs and multifamily properties can still take advantage of the full $3 per square foot cash incentive for projects completed by the Dec. 31, 2024.
/wp-content/uploads/2026/06/CREDA-formerly-naiop-header-logo_157x80.png00NAIOP Southern Nevada/wp-content/uploads/2026/06/CREDA-formerly-naiop-header-logo_157x80.pngNAIOP Southern Nevada2024-10-03 11:16:592025-08-12 08:34:01SNWA’s Water Smart Landscapes rebate for nonfunctional grass conversion projects will be reduced in 2025
NAIOP Southern Nevada partnered with SNWA and other relevant industry trade groups at LVVWD headquarters in September to provide education and training about proper evaporative cooling equipment maintenance, new technologies in the evaporative cooling industry, and other ways to prevent costly repairs and save water in the community. There are numerous local, state and federal incentives for expenditures related to more efficient evaporative cooling equipment! Contact us for more info. A special thank you to BOMA, IREM, NPFMA, and SNARSCA and our guest speakers John Bowman, Matt Vaccaro, and Robert Young.
/wp-content/uploads/2026/06/CREDA-formerly-naiop-header-logo_157x80.png00NAIOP Southern Nevada/wp-content/uploads/2026/06/CREDA-formerly-naiop-header-logo_157x80.pngNAIOP Southern Nevada2024-09-23 08:56:122024-09-24 14:56:54SNWA NAIOP Trade Group Training: Save Money, Get Better About Evaporative Cooling Maintenance
Over 80 of our Members attended our Members Only Education Workshop: Room to Grow? The Reality of our Public Lands Situation on Friday, May 31, 2024. Our event was at the Las Vegas Realtors and sponsored by Commercial Alliance Las Vegas. Speakers included:
Mike Ford
Principal
Abbey, Stubbs & Ford, LLC
John Restrepo
Principal
RCG Economics LLC
Moderator:
Steve Neiger, CCIM
Principal | Managing Broker
CAST
/wp-content/uploads/2026/06/CREDA-formerly-naiop-header-logo_157x80.png00NAIOP Southern Nevada/wp-content/uploads/2026/06/CREDA-formerly-naiop-header-logo_157x80.pngNAIOP Southern Nevada2024-06-04 10:22:172024-06-14 15:51:46NAIOP Members Only Education Workshop – Room to Grow? The Reality of our Public Lands Situation
Clark County Recognizes the Director of the Clark County Building Department, Jim Gerren, at the Clark County Board of Commissioners Meeting For His Receipt of 2023 NAIOP Southern Nevada Developers’ Champion Award.