On average, listings lease in the $20's per square foot per year. The Power Ranch submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $24 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Power Ranch submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 16 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 600 sqft. Most properties in this market are approximately 1 stories. Most buildings in this market were built in 2007 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Power Ranch occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Power Ranch.
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