Las Vegas, NV Retail Space for Lease
Search 162 retail listings in Las Vegas, NV and find helpful local stats in the Market Overview section below.
Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Las Vegas asks $20.81 per square foot.
The most common type of lease agreement you’ll find here is NNN, with 79 space(s) available under this type of arrangement. The local market is also home to 2 retail space(s) offered under a Modified Gross lease agreement type.
The average size for this type of rental opportunity in Las Vegas is 1,000 sqft to 2,500 sqft. Currently, the local market offers 146 listing(s) within that size range. You can also search 89 listing(s) in the more than 5,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.
Retail space in Las Vegas comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Interior Retail and you can find 55 such space(s) available.
Interior Retail spaces listed for rent here have an average size of 7,536 square feet. Interior retail space can accommodate a wide variety of vendors and is designed specifically to enhance the experience of the clients and to encourage them to engage with the products and services that are being offered.
The local market is also home to 16 space(s) listed as Shared Space. The average size you can expect to find for this category is 5,117 square feet. Shared retail space is in some ways comparable to coworking office solutions. However, businesses in this context share a shop. It is also sometimes referred to as co-retailing and allows businesses to share resources such as physical space, stationery, and other support essentials, in order to cut down on some of the costs of running the business.
What’s more, you can find 10 listing(s) in the Restaurant category, currently available in the average size of 4,968 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.
Interior Retail
55
Shared Space
16
Restaurant
10
Neighborhood Center
7
Interior Retail
7,536 sq. ft.
Shared Space
5,117 sq. ft.
Restaurant
4,968 sq. ft.
Neighborhood Center
2,903 sq. ft.
However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.
In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.
Downtown Las Vegas is your top choice for lease opportunities, as it is currently home to the highest number of listings — 18 retail space(s). The most popular space type here is Neighborhood Center. You can find 1 such listing(s) here.
Las Vegas’s second most popular area is Crestwood, where you can find 13 retail listing(s).
Summerlin is also among the best areas to search for your next commercial space. Here you can find 10 retail space(s) available for consideration by prospective tenants, of which 4 are Interior Retail.
Downtown Las Vegas
18
Crestwood
13
Summerlin
10
Smoke Ranch Villas
8
Kensington
8
When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.
Data based on retail spaces listed for rent on CommercialSearch.com
CAST’s Steve Neiger takes us inside a 100,000-square-foot office-to-retail conversion in the Las Vegas Valley.
The new owner will rebrand and renovate the 226,000-square-foot property.
The tone in Las Vegas was upbeat as attendees talked about the economic landscape, strong demand for assets and opportunities in urban renewal.
The first three tenants were named for the Strip’s largest standalone retail destination.
The fully leased property traded in a 1031 exchange.
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