On average, listings lease in the $20's per square foot per year. The Downtown Las Vegas region is seeing 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 region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 161 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the available space in the Downtown Las Vegas are subleases, so you will probably have to consider a longer term 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.
Even though the median size is 2,590 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 1963 and are Class B.
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 market. Commute by public transit is the most popular way to get to work amongst Downtown Las Vegas occupants. Commuting around 15 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 Downtown Las Vegas.
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