Downtown Las Vegas Industrial

Downtown Las Vegas

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,590
As of: August 21, 2017

Downtown Las Vegas Rates

On average, listings lease in the $20's per square foot per year. The Downtown Las Vegas submarket is going through 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 submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.

Downtown Las Vegas Listing Supply

In the last 90 days, 18 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 72% of the available leases in the Downtown Las Vegas 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,590 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1963 and are Class B.

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 occupants. Commuting close to 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.
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