Las Vegas, a city renowned for its entertainment, fine dining, and nightlife, offers a unique opportunity for businesses to thrive in its vibrant retail scene. With a population of over 640,000 residents and a metropolitan population exceeding 2.2 million, Las Vegas is an ideal location for retailers looking to tap into a large and diverse customer base. The city's infrastructure, including the Las Vegas Monorail, Silver Rider Transit, and Union Pacific Railroad, makes it easily accessible to visitors and residents alike. Additionally, the city's many amenities, such as the Cleveland Clinic Lou Ruvo Center for Brain Health, The Smith Center for the Performing Arts, and the DISCOVERY Children's Museum, make it an attractive location for businesses looking to cater to a wide range of customers. With 480 retail spaces for lease, Las Vegas offers a wide range of options for businesses looking to establish a presence in this thriving city.
Las Vegas is a city that offers a unique blend of entertainment, culture, and commerce, making it an ideal location for a variety of businesses. Retail spaces, in particular, can benefit from the city's high foot traffic and tourist attractions. With average annual rent per square foot of $28 USD and average space size of 4,749 square feet, retail spaces in Las Vegas offer a range of options for businesses of all sizes. In addition to retail spaces, Las Vegas is also home to a range of other commercial properties, including restaurants, medical offices, and office spaces. Restaurants, such as those found in the Fremont East Entertainment District, offer a unique dining experience, while medical offices, like those found near the Cleveland Clinic Lou Ruvo Center for Brain Health, provide essential services to the community. Office spaces, such as those found in the Downtown Las Vegas area, offer a range of options for businesses looking to establish a presence in the city. With its vibrant atmosphere and diverse range of businesses, Las Vegas is an ideal location for companies looking to grow and thrive.
What is the average cost per square foot for retail space in Las Vegas?
In Las Vegas, the average annual rent per square foot for retail space is $28 USD per square foot, with an average size of 4,749 square feet and a maximum space size of 86,928 square feet available among the 480 listings currently on the market.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants in Las Vegas, such as major department stores or restaurants, can significantly impact surrounding retail space leases by driving foot traffic, increasing visibility, and creating a desirable shopping environment, which can lead to higher rental rates and more attractive lease terms for adjacent retail spaces, with 480 available listings of retail space in Las Vegas, offering an average annual rent of $28 USD per square foot, and an average size of 4,749 square feet, providing opportunities for businesses to capitalize on the benefits of being near a strong anchor tenant.
