The typical asking rate per listing is in the $40's per square foot per year. The The Strip submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $46 per sqft per year.
Compared to the rest of the Las Vegas–Henderson–Paradise market, the The Strip submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 80 listings have been made available, so you'll want to check back regularly for new listings. About 90% of the office spaces in the The Strip 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,580 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this area were built in 1988 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 area. 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.