Most listings are in the $40's per square foot per year. The The Strip region is seeing a a boost in rates. In the last 3 months, the median rate went up $26 per sqft per year. That's a 132% rise in rent.
Compared to the rest of the Las Vegas–Henderson–Paradise market, the The Strip submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 23 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the available leases in the The Strip are subleases, so you will probably have to consider a longer term lease. 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 3,960 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this market were built in 1987 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Public administration is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst The Strip occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.