Summerlin Sublease

Summerlin

Office Space Market Report

Number of Listings (last 90 days)
75
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
2,980
As of: July 24, 2017

Summerlin Rates

The typical asking rate per listing is in the $30's per square foot per year. The Summerlin submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% increase in rent.

Compared to the rest of the Las Vegas–Henderson–Paradise market, the Summerlin region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Summerlin Listing Supply

In the last 90 days, 75 listings have been made available, so you'll want to check back regularly for new listings. About 103% of the available leases in the Summerlin are subleases, so you might be able to find a shorter term or below market rent. 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 2,980 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region were built in 1998 and are Class A.

Summerlin Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Summerlin occupants. Commuting between 30 and 45 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 Summerlin.
Market Report

Market Data

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