The typical asking rate per listing is in the $30's per square foot per year. The Southern Terrace region is experiencing a a boost in rates. In the last 3 months, the median rate rose $34 per sqft per year.
Compared to the rest of the Las Vegas–Henderson–Paradise market, the Southern Terrace submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 4 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the Southern Terrace are subleases, so you might be able to snag a great spot on a short term. 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 2,740 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 1 stories. Most buildings in this market were built in 2007 and are Class A.
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.