Most listings are in the $30's per square foot per year. The Southern Terrace submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 47% increase in rent.
Compared to the rest of the Las Vegas–Henderson–Paradise market, the Southern Terrace submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been made available, which means leases might be 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,740 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 1 stories. Most buildings in this region were built in 2007 and are Class A.
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 area. 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.