Southern Terrace Retail

Southern Terrace

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
4,660
As of: February 27, 2017

Southern Terrace Rates

The typical asking rate per listing is in the $20's per square foot per year. The Southern Terrace submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 32% decline in rent.

Compared to the rest of the Las Vegas–Henderson–Paradise market, the Southern Terrace region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Southern Terrace Listing Supply

In the last 90 days, 3 listings have been listed, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,660 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 1 stories. Most buildings in this region were built in 2007 and are Class A.

Southern Terrace Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Southern Terrace folk. Commuting under 5 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 Southern Terrace.
Market Report

Market Data

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