Sovana Sublease

Sovana

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
111,820
As of: August 21, 2017

Sovana Rates

On average, listings lease in the $20's per square foot per year. The Sovana region is seeing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 10% decrease in rent.

Compared to the rest of the Las Vegas–Henderson–Paradise market, the Sovana submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Sovana Listing Supply

In the last 90 days, 3 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the listings in the Sovana are subleases, so you might be able to snag a great spot on a short term. 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 111,820 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 1 stories. Most buildings in this region were built in 2006 and are Class A.

Sovana Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by bike is the most popular way to get to work amongst Sovana folk. Commuting more than an hour and a half 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 Sovana.
Market Report

Market Data

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