Downtown Las Vegas Industrial

Downtown Las Vegas

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,900
As of: May 25, 2017

Downtown Las Vegas Rates

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.

Downtown Las Vegas Listing Supply

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.

Downtown Las Vegas Community

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.

Market Report

Trends and status of the commercial real estate market in Downtown Las Vegas.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Las Vegas.
Research