Downtown Las Vegas Office Space

Downtown Las Vegas

Office Space Market Report

Number of Listings (last 90 days)
22
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
4,440
As of: January 22, 2017

Downtown Las Vegas Rates

On average, listings lease in the $30's per square foot per year. The Downtown Las Vegas submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 5% increase in rent.

Compared to the rest of the Las Vegas–Henderson–Paradise market, the Downtown Las Vegas submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Downtown Las Vegas Listing Supply

In the last 90 days, 22 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. 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 4,440 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this region were built in 1965 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 folk. 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.
Research