Summerlin South Office Space

Summerlin South

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
4,700
As of: March 30, 2017

Summerlin South Rates

The typical asking rate per listing is in the $30's per square foot per year. The Summerlin South region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $17 per sqft per year. That's a 34% decrease in rent.

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

Summerlin South Listing Supply

In the last 90 days, 5 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 20% of the available space in the Summerlin South 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,780 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 6 floors. Most buildings in this market were built in 2007 and are Class A.

Summerlin South Community

Market Report

Trends and status of the commercial real estate market in Summerlin South.
Market Report

Market Data

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