Why aren’t there more high-rise apartment buildings in Las Vegas?

The cost of constructing high-rise buildings in Las Vegas has skyrocketed, making it financially unfeasible for developers to build over three stories. A UNLV construction expert highlighted that the expenses related to infrastructure, materials, and labor make these projects less attractive compared to lower-cost options. This situation means residents shouldn't anticipate seeing many new high-rise apartment buildings in the near future. The trend underscores the challenges developers face in balancing cost and demand for housing in a rapidly growing city.