Downtown Las Vegas Office Space

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630 S Las Vegas Blvd - Unit #630 (Floor 1) Downtown Las Vegas, Las Vegas, NV  
Sep 20
2,230
sqft
Mixed Use Office Retail
601 S 10th St - Space Downtown Las Vegas, Las Vegas, NV term negotiable
Jul 21
2,350
sqft
Sublease Office

Downtown Las Vegas

Market Report

Number of Listings
Posted in the last 90 days
8
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,590

Downtown Las Vegas Rates

On average, listings lease in the $20's per square foot per year. The Downtown Las Vegas submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Las Vegas–Henderson–Paradise market, the Downtown Las Vegas submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Downtown Las Vegas Listing Supply

In the last 90 days, 161 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available space in the Downtown Las Vegas are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 2,590 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1963 and are Class B.

Downtown Las Vegas Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Las Vegas folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Downtown Las Vegas.
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