Downtown Las Vegas Office Space

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: June 24, 2017

Downtown Las Vegas Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Las Vegas submarket is going through a a rise in rates. In the last 3 months, the median rate increased $24 per sqft per year.

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 discounted region.

Downtown Las Vegas Listing Supply

In the last 90 days, 18 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 56% of the listings in the Downtown Las Vegas are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,560 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this area 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 market. Commute by public transit is the most popular way to get to work amongst Downtown Las Vegas residents. Commuting approximately 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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