Most listings are in the $20's per square foot per year. The The Strip region is seeing a decrease in rates. In the last 3 months, the median rate decreased $20 per sqft per year. That's a 45% decrease in rent.
Compared to the rest of the Las Vegas–Henderson–Paradise market, the The Strip region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 49 listings have come on the market, so you'll want to check back regularly for new listings. 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 3,190 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 3 stories. Most buildings in this area were built in 1987 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Public administration is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst The Strip residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.