Southern Terrace Sublease

Southern Terrace

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
2,740
As of: August 21, 2017

Southern Terrace Rates

Most listings are in the $30's per square foot per year. The Southern Terrace submarket is going through a a boost in rates. In the last 3 months, the median rate went up $34 per sqft per year.

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

Southern Terrace Listing Supply

In the last 90 days, 4 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the office spaces in the Southern Terrace are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 2,740 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 1 floors. Most buildings in this area 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 market. Commute by public transit is the most popular way to get to work amongst Southern Terrace folk. 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.
Research