The typical asking rate per listing is in the $40's per square foot per year. The The Strip region is going through a a boost in rates. In the last 3 months, the median rate increased $27 per sqft per year. That's a 136% rise in rent.
Compared to the rest of the Las Vegas–Henderson–Paradise market, the The Strip region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 22 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. 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 3,960 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 3 floors. Most buildings in this market were built in 1987 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Public administration is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst The Strip occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.