Real Estate · Valley-wide
Incoming Commercial Alliance Las Vegas president Toya Simon calls Southern Nevada's commercial market resilient but uneven
Toya Simon, named 2027 president of Commercial Alliance Las Vegas, told the Las Vegas Sun the local market is resilient but uneven, with land supply tight, prices rising and data centers a hot topic.
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What happened
Commercial Alliance Las Vegas (CALV), the commercial real estate arm of Las Vegas Realtors, has named Toya Simon its president for 2027, the Las Vegas Sun reported. The group announced her appointment this month, along with its other 2027 officers and directors.
In an interview with the Sun, Simon described the Southern Nevada commercial market. She also talked about the limited supply of land, federal control of land in Nevada and the debate over data centers. For more coverage of the local market, see our real estate section.
Who is Toya Simon
From salon owner to land specialist
Simon came to commercial real estate as an entrepreneur, according to the Sun. She found sites, evaluated properties and negotiated space for the salons and barbershops she owned and ran. "I learned firsthand that real estate is more than just a building," she told the Sun. Today she works with investors, business owners, buyers and sellers, particularly in land investment properties.
Leadership roles
The Sun reported that Simon has served CALV as a director, treasurer and president-elect, and has sat on the Nevada Realtors board of directors. She has been diversity chair for Las Vegas Realtors and served on its finance committee. She has also been president of the National Association of Real Estate Brokers of Nevada.
Her read on the market
"It remains resilient," Simon said of the Las Vegas commercial market. She told the Sun it is not one single market, and that office, industrial, retail, multifamily and land each face different conditions.
Office and industrial
"Office has been more stable than many anticipated," Simon said. She described industrial as a segment that saw tremendous expansion and is now leveling out in a period of normalization.
Retail and land
Simon said retail remains relatively strong, particularly in well-located areas, and that she has seen this with her own clients. Land, she said, continues to be affected by limited supply. Many of her clients are seeing land prices rise rapidly. She called land availability one of Southern Nevada's most significant long-term challenges.
Federal land
Simon pointed to federal control of much of Nevada's land as a unique challenge. She told the Sun the federal government can be slow to make suitable land available to private developers. She said solving that will take collaboration among government, community and industry leaders.
Data centers and Strip growth
Simon called data centers one of the hot topics in the industry and said she expects demand to grow as technology expands. She said each proposed project should be carefully evaluated, looking at location, infrastructure, water and power use, economic benefits and long-term effects on nearby communities. She said she remains open and that growth "should be strategic, transparent, responsible and sustainable." Related coverage is in our development section.
She also cited the Hard Rock Hotel, the A's and talks of an NBA team as signs the Strip is expanding. She told the Sun that people are still investing in Las Vegas.
Her goals for CALV
Simon said she wants CALV to be a place where the Southern Nevada commercial real estate community comes to learn, connect and do business. She told the Sun the group is expanding education built for commercial real estate professionals and taught by industry experts. She wants that training to be practical so members can apply it.
CALV holds an annual education symposium and a spring mixer, Simon said. It also works with Las Vegas Realtors and other local groups to help shape public policy and protect private property rights.
What to watch next
- Simon's term as CALV president for 2027, along with the group's other newly announced officers and directors.
- CALV's planned expansion of education programs for commercial real estate professionals.
- How proposed data center projects are evaluated, which Simon called a major topic in the community.
- Talks of an NBA team, which Simon cited as part of the Strip's expansion.
