Henderson Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $26.07 2020 Avg. Asking Rent
  • -2.49 % Y-o-Y Avg. Asking Rent Change
  • 9.39 % 2020 Office Vacancy Rate
  • $64.6M2020 Total Office Sales
  • $382.92Avg. Sale Price/Sqft

Henderson office price per square foot in 2020 was $26.07 on average. This marked a -2.49 % change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 9.39 % across all asset classes combined. The 3 transactions that closed here throughout 2020 amounted to a total sale volume of $64.6M. Henderson office space commanded an average sale price per square foot of $382.92.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • Henderson Class A Office Space$30.60
  • Henderson Class B Office Space$24.42
  • Henderson Class C Office Space$18.54
  • Nevada Class A Office Space$30.74
  • Nevada Class B Office Space$22.22
  • Nevada Class C Office Space$16.60

Henderson, NV Office Asking Rents by Class

Average office rent in Henderson rested at $26.07 per square foot in 2020. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Henderson averaged $30.60 per square foot. Across all submarkets, class B office space recorded an average asking rent of $24.42 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $18.54 per square foot, on average. Comparably, statewide Nevada average office rents by class in 2020 were: $30.74 per square foot for class A office space; $22.22 per square foot for class B office space; $16.60 per square foot for class C office space.

Henderson Office Sale Price per Sqft

  • $382.922020 Avg. Price per Sqft
  • $64.6M2020 Office Sales Volume
  • 32020 Number of Transactions

Henderson, NV Sale Price per Sqft Trend

  • Henderson Avg. Sale Price per Sqft in 2020$382.92
  • Nevada Avg. Sale Price per Sqft in 2020$192.03
The sale price for office space in Henderson averaged $382.92 per square foot in 2020, across all market subdivisions and asset classes. Conversely, the statewide Nevada average office sale price during the same time period was $192.03 per square foot.

2020 Office Sales Volume

  • Henderson, NV Total Office Sales Volume in 2020 $64.6M
  • Henderson, NV Total Number of Office Sales Closed in 2020 3
A total of 3 deals closed on the Henderson office market in 2020, adding up to a yearly sales volume of $64.6M. Notably, the largest transaction on the market saw Coronado Medical Office Building change hands for $18,800,000 on 12/29/2020.

Largest Henderson Office Sales in 2020

Property name Address Date Price
Coronado Medical Office Building 2779 West Horizon Ridge Pkwy 12/29/2020 $18,800,000
Green Valley Corporate Center - 2280 Corporate Circle 2280 Corporate Circle 5/1/2020 $15,958,500
Sunset Vista Professional Park 4 Sunset Way 3/12/2020 $15,671,820
Green Valley Corporate Center North - Plaza 10 2290 Corporate Circle 5/1/2020 $14,152,000
Data provided by Commercial Edge

2020 Office Construction in Henderson, NV

  • Henderson, NV Total Sqft completed in 2020 47,664

During 2020, 47,664 square feet of new office space were delivered across the market. At the close of 2020, the Henderson office inventory included 2 buildings equal to or larger than 25,000 square feet, which comprised 47,664 square feet of office space.

Largest Office Properties Recently Completed in Henderson
Office building Address Sqft Completed
Gardner Plaza at St. Rose - St. Rose Offices 2635 St. Rose Pkwy, 89044 47,664 2020
Seven Hills Plaza - 3145 St. Rose Pkwy 3145 St. Rose Pkwy, 89052 51,850 2018
Henderson Medical Plaza 825 North Gibson Road, 89014 84,448 2017
St. Rose Corporate Center - 2580 St. Rose Pkwy 2580 St. Rose Pkwy, 89074 61,336 2017
Dignity Health Medical Pavilion at Galleria 800 North Gibson Road, 89011 27,000 2017
1020 South Boulder Hwy 1020 South Boulder Hwy, 89015 36,582 2011
Eastgate Plaza II 450 North Stephanie Street, 89014 140,000 2009
2955 North Green Valley Pkwy 2955 North Green Valley Pkwy, 89014 59,166 2009
2705 West Horizon Ridge Pkwy 2705 West Horizon Ridge Pkwy, 89052 42,124 2009
Harsch Henderson Commerce Center - Eastgate - Buildings J, K, L, M & N 7330 Eastgate Road, 89011 240,953 2008

Worth noting among recent office completions on the Henderson market is Gardner Plaza at St. Rose - St. Rose Offices, which is currently the largest new office development in the city, at 47,664 square feet.

Data provided by Commercial Edge

See reports for nearby markets

This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Henderson commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.