Las Vegas Market Status

Median Rate
$29
/sqft/yr
Since 90 days ago
$-1
/sqft/yr
Median Size
2,390
sqft

Concentration of Listing Postings in Las Vegas

Las Vegas Rates

Most listings are in the $20's per square foot per year. The Las Vegas submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.

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

Las Vegas Listing Supply

In the last 90 days, 199 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available space in the Las Vegas are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,390 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

2%
Subleases

Under 5000 sqft

62%
Under 5000 sqft

Top Submarkets

Rate/sqft/yr Listing Inventorylast 90 days
1. Mira Villas $29 137,220 sqft
2. Downtown Las Vegas $23 95,730 sqft
3. Gateway District $ 85,170 sqft
4. Rancho Oakey $18 37,370 sqft
5. Peccole Ranch $17 36,760 sqft
6. West Sahara $ 8,610 sqft
7. Torrey Pines Preservation $12 2,800 sqft
8. Crestwood $ 2,340 sqft
9. Northwest Area $10 1,790 sqft
10. Charleston Preservation West $ 0 sqft

Listing Rates by Submarket