The Strip Retail

The Strip

Office Space Market Report

Number of Listings (last 90 days)
80
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
4,580
As of: June 23, 2017

The Strip Rates

The typical asking rate per listing is in the $40's per square foot per year. The The Strip submarket is going through a a boost in rates. In the last 3 months, the median rate went up $46 per sqft per year.

Compared to the rest of the Las Vegas–Henderson–Paradise market, the The Strip region has greater rates, and you'll need to pay a premium to be in this hot submarket.

The Strip Listing Supply

In the last 90 days, 80 listings have come on the market, so you'll want to check back regularly for new listings. About 94% of the available leases in the The Strip 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 available, so finding a space for a small business might be tough.

Even though the median size is 4,580 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this area were built in 1988 and are Class B.

The Strip Community

A large portion of this market is residential, but there's plenty of office_space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst The Strip 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 The Strip.
Market Report

Market Data

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

Paradise Submarkets