Southern Terrace Office Space

Southern Terrace

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
5,350
As of: December 9, 2016

Southern Terrace Rates

Most listings are in the $30's per square foot per year. The Southern Terrace submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 26% rise in rent.

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

Southern Terrace Listing Supply

In the last 90 days, 6 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the available leases in the Southern Terrace are subleases, so you might be able to snag a great spot on a short term. 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 5,350 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this region were built in 2007 and are Class A.

Southern Terrace Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Southern Terrace occupants. Commuting under 5 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 Southern Terrace.
Market Report

Market Data

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