On average, listings lease in the $20's per square foot per year. The Seven Hills region is going through a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 16% increase in rent.
Compared to the rest of the Las Vegas–Henderson–Paradise market, the Seven Hills submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 61 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the listings in the Seven Hills are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,050 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 2003 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the residents of Seven Hills work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Seven Hills.
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