The Strip Office Space

The Strip

Office Space Market Report

Number of Listings (last 90 days)
103
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
4,010
As of: January 18, 2017

The Strip Rates

On average, listings lease in the $40's per square foot per year. The The Strip region is going through a a rise in rates. In the last 3 months, the median rate rose $22 per sqft per year. That's a 93% rise in rent.

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

The Strip Listing Supply

In the last 90 days, 103 listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the office spaces in the The Strip 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.

Even though the median size is 4,010 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this region were built in 1987 and are Class B.

The Strip Community

A large portion of this area is residential, but there's plenty of office_space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst The Strip occupants. 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 The Strip.
Market Report

Market Data

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

Paradise Submarkets