On average, listings lease in the $30's per square foot per year. The Downtown Las Vegas region is seeing a a rise in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Las Vegas–Henderson–Paradise market, the Downtown Las Vegas 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 posted online, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,440 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 1965 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Las Vegas folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.