The typical asking rate per listing is in the $30's per square foot per year. The Summerlin submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $37 per sqft per year.
Compared to the rest of the Las Vegas–Henderson–Paradise market, the Summerlin region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 75 listings have come on the market, so you'll want to check back regularly for new listings. About 111% 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,040 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 1998 and are Class A.
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 region. Commute by public transit is the most popular way to get to work amongst Summerlin occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.