On average, listings lease in the $20's per square foot per year. The Downtown Mesa region is going through a an increase in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 50% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Mesa submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 89 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the listings in the Downtown Mesa are subleases, so you will probably have to focus your search on direct office leases. 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 1,700 sqft. Most properties in this region are approximately 1 floors. Most buildings in this area were built in 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Mesa residents. Commuting close to 20 minutes 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 Downtown Mesa.
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