On average, listings lease in the $30's per square foot per year. The Downtown Las Vegas region is experiencing a decrease in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 28% decrease in rent.
Compared to the rest of the Las Vegas–Henderson–Paradise market, the Downtown Las Vegas region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 11 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,470 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1965 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Las Vegas occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.