Townsite Retail

Townsite

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,600
As of: August 16, 2017

Townsite Rates

The typical asking rate per listing is in the $10's per square foot per year. The Townsite submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 19% rise in rent.

Compared to the rest of the Las Vegas–Henderson–Paradise market, the Townsite submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Townsite Listing Supply

In the last 90 days, 3 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 567% of the available leases in the Townsite 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,600 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1992 and are Class B.

Townsite Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Townsite folk. 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 Townsite.
Market Report

Market Data

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