Las Vegas Market Status

Median Rate
$32
/sqft/yr
Since 90 days ago
$1
/sqft/yr
Median Size
2,590
sqft

Concentration of Listing Postings in Las Vegas

Las Vegas Rates

Most listings are in the $30's per square foot per year. The Las Vegas region is seeing a a rise in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 5% rise in rent.

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

Las Vegas Listing Supply

In the last 90 days, 199 listings have come on the market, so you'll want to check back regularly for new listings. About 90% of the listings in the Las Vegas are subleases, so you might be able to find a shorter term or below market rent. 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 2,590 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 1996 and are Class B.

Las Vegas Community

Subleases

67%
Subleases

Under 5000 sqft

0%
Under 5000 sqft

Top Submarkets

Rate/sqft/yr Listing Inventorylast 90 days
1. Mira Villas $29 308,490 sqft
2. Rancho Oakey $18 94,110 sqft
3. Painted Desert $24 76,940 sqft
4. Downtown Las Vegas $18 73,100 sqft
5. Arts District $ 22,240 sqft
6. Sun City Summerlin $ 15,360 sqft
7. Meadows $13 9,920 sqft
8. Desert Shores $24 7,700 sqft
9. West Sahara $18 7,400 sqft
10. Charleston Preservation $27 6,550 sqft

Listing Rates by Submarket