Townsite Retail

Townsite

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
1,600
As of: June 28, 2017

Townsite Rates

The typical asking rate per listing is in the $10's per square foot per year. The Townsite submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $17 per sqft per year.

Compared to the rest of the Las Vegas–Henderson–Paradise market, the Townsite submarket has smaller 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 listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the listings in the Townsite 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 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 properties in this region are approximately 2 stories. Most buildings in this area were built in 1996 and are Class A.

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 region. Commute by walking is the most popular way to get to work amongst Townsite residents. 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