Most listings are in the $30's per square foot per year. The Southern Terrace region is experiencing a a rise in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 47% rise in rent.
Compared to the rest of the Las Vegas–Henderson–Paradise market, the Southern Terrace submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the listings in the Southern Terrace are subleases, so you might be able to find a shorter term or below market rent. 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 2,740 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this area were built in 2007 and are Class A.
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 area. Commute by public transit is the most popular way to get to work amongst Southern Terrace residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.