Southern Terrace Retail

Southern Terrace

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 24, 2016

Southern Terrace Rates

Most listings are in the $20's per square foot per year. The Southern Terrace region is seeing a decline in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 30% decrease in rent.

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 submarket.

Southern Terrace Listing Supply

In the last 90 days, 8 listings have been posted online, which means spaces are probably 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.

The standard measurement for office space in this area is around 1,850 sqft. Most properties in this market are approximately 1 floors. Most buildings in this market 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 residents. 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.