On average, listings lease in the $10's per square foot per year. The Valley West submarket is going through a a boost in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 47% increase in rent.
Compared to the rest of the Las Vegas–Henderson–Paradise market, the Valley West region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 28 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 18% of the listings in the Valley West are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,680 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built in 1988 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Valley West folk. 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 Valley West.
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