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Most commerial real estate listings for lease are in the $30's per square foot per year. The Downtown Phoenix region is experiencing a decline in rates. In the last 3 months, the median rate for lease fell $6 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area commercial real estate market, the Downtown Phoenix submarket has greater rates for rent, and you may need to make a great offer to be in this hot submarket.
In the last 90 days, 372 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Downtown Phoenix are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 600 sqft. Most properties in this region are around 3 stories. Most buildings in this area were built approximately 1969 and are Class B.
This region is fairly equally mixed residential and commercial. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Phoenix folk. Commuting between 30 and 45 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 Phoenix.
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