Summerlin Office Space

Summerlin

Office Space Market Report

Number of Listings (last 90 days)
75
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
3,080
As of: August 19, 2017

Summerlin Rates

Most listings are in the $30's per square foot per year. The Summerlin submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% increase in rent.

Compared to the rest of the Las Vegas–Henderson–Paradise market, the Summerlin submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.

Summerlin Listing Supply

In the last 90 days, 75 listings have been listed, so you'll want to check back regularly for new listings. About 105% of the office spaces in the Summerlin are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,980 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this region were built in 1998 and are Class A.

Summerlin Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Summerlin residents. Commuting between 30 and 45 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 Summerlin.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Summerlin.
Research