Construction costs in Las Vegas still up. Will they return to normal?

Wednesday, August 30, 2023 9:04 PM
  • Patrick Blennerhassett, Las Vegas Review-Journal

There’s a new normal when it comes to commercial construction: Plan ahead, be ready for delays and expect to pay more in 2023, the chief executive officer of a Las Vegas-based hospitality group said.

“We remodeled this room, which included building a bar, and we did that in June 2022, and we were still feeling the pinch of supply chain issues,” said Scott Frost, CEO of Titan Brand Hospitality Group, talking from the Marquee room at Slice of Vegas Pizza Kitchen & Bar at Mandalay Bay. “The big thing is you have to communicate with your suppliers because when you’re drawing stuff up, even if you’re thinking of buying a piece of equipment, you have to check with the manufacturer and find out what the lead time is.”