Townsite Retail

Townsite

Market Report

Number of Listings
Posted in the last 90 days
14
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,600

Townsite Rates

On average, listings lease in the $10's per square foot per year. The Townsite region is going through a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 19% rise in rent.

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

Townsite Listing Supply

In the last 90 days, 49 listings have come on the market, so you'll want to check back regularly for new listings. About 35% of the office spaces in the Townsite 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,600 sqft. Most buildings in this area are around 2 floors. Most buildings in this area were built in 1992 and are Class B.

Townsite Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Townsite occupants. Commuting under 5 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 Townsite.
Research