Most listings are in the $20's per square foot per year. The Downtown Las Vegas region is seeing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 21% decline in rent.
Compared to the rest of the Las Vegas–Henderson–Paradise market, the Downtown Las Vegas submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 18 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the office spaces 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,900 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1963 and are Class C.
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 residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.