The typical asking rate per listing is in the $40's per square foot per year. The Sovana submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $23 per sqft per year. That's a 116% increase in rent.
Compared to the rest of the Las Vegas–Henderson–Paradise market, the Sovana submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 7 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 7,680 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 1 stories. Most buildings in this region were built in 2006 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by bike is the most popular way to get to work amongst Sovana folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.