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The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Downtown Las Vegas submarket is seeing a a boost in rates. In the last 3 months, the median rate for lease increased $3 per sqft per year. That's a 14% rise in rent.
Compared to the rest of the Las Vegas–Henderson–Paradise commercial real estate market, the Downtown Las Vegas region has higher rates for rent, and you may need to pay a premium to be in this hot region.
In the last 90 days, 161 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 2,210 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built around 1962 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 area. Commute by public transit is the most popular way to get to work amongst Downtown Las Vegas occupants. Commuting close to 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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