Summerlin Retail

Summerlin

Office Space Market Report

Number of Listings (last 90 days)
75
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
2,980
As of: July 22, 2017

Summerlin Rates

On average, listings lease in the $30's per square foot per year. The Summerlin submarket is going through a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% rise in rent.

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

Summerlin Listing Supply

In the last 90 days, 75 listings have been made available, so you'll want to check back regularly for new listings. About 104% of the available space in the Summerlin 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,870 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this area were built in 1998 and are Class A.

Summerlin Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Summerlin residents. Commuting between 30 and 45 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 Summerlin.
Market Report

Market Data

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