The typical asking rate per listing is in the $40's per square foot per year. The Summerlin South region is experiencing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the Las Vegas–Henderson–Paradise market, the Summerlin South region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 1 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. 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 5,580 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 6 floors. Most buildings in this market were built in 2007 and are Class A.