On average, listings lease in the $20's per square foot per year. The New River region is seeing a a boost in rates. In the last 3 months, the median rate rose $21 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the New River submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 10 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 10% of the available space in the New River are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,830 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 1 floors. Most buildings in this area were built in 2008 and are Class A.
Real time and historical data on commercial real estate listings in New River.
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