On average, listings lease in the $20's per square foot per year. The The Strip submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $20 per sqft per year. That's a 45% decrease in rent.
Compared to the rest of the Las Vegas–Henderson–Paradise market, the The Strip submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 49 listings have been posted online, so you'll want to check back regularly for new listings. 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 3,190 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this region were built in 1987 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Public administration is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst The Strip folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.