1551 S Commerce — Lease in Las Vegas, NV
- Price: Contact for price
- Listing type: For lease
- Asset type: Office
- Location: Las Vegas, NV 89102
- Submarket: Downtown
- Size: 12,500 SF
- Year built: 1975
Photos
Description
1551 S Commerce is undergoing a comprehensive redevelopment that will transform the property into a modern, highly attractive commercial destination. The project features a two-story design with one availalbe ±2,640 SF ground-floor suite, adjacent to Meraki Greek Grill's newest location. The renovation includes significant upgrades throughout the property, including all-new infrastructure, a new elevator, updated staircases, and a contemporary exterior façade with expansive glass storefront windows and doors designed to enhance visibility, natural light, and curb appeal. Located within one of Downtown Las Vegas' most dynamic growth corridors, the property is surrounded by a wave of investment, including newly renovated buildings, emerging local businesses, and several new retail and multifamily developments. This ongoing revitalization continues to drive activity and create a vibrant environment for businesses looking to establish a presence in the area. Building SF: 12500 | Land Size: 0.21 Ac | Year Built: 1975 | Listing Type: FOR LEASE
Market Context
This office in Las Vegas, NV is listed for lease across 12,500 SF. The building dates to 1975. Compare it against other office listings for lease in Las Vegas, NV — view the full market.
As of Q2 2026, the Las Vegas office market showed a 12.2% vacancy rate, and average asking rents near $29.46/SF/yr. Source: multiple brokerage reports, Q2 2026.
Office market FAQ
- Is the Las Vegas office market tightening or softening?
- Vacancy is around 12.2% (Q2 2026).
Estimated Market Rate
$2.06/SF/mo – $2.78/SF/mo
Mid: $2.42/SF/mo
Estimated total for 12,500 SF: $30,250 per month
By our match to nearby addresses in brokers' reports, this property is in the Downtown submarket, where average asking rent was $26.88/SF/yr in CBRE's Q2 2026 report.
Contact
- Jesse Chippoletti, CCIM — Keller Williams Realty | Las Vegas · +17022122222 · jessechippoletti@kw.com
- Jesse Chippoletti, CCIM · +17022122222 · jessechippoletti@kw.com
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