Most listings are in the $30's per square foot per year. The South Mountain region is seeing a a rise in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 59% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the South Mountain region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 308 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the listings in the South Mountain are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,650 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 1 stories. Most buildings in this region were built in 1989 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst South Mountain residents. 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 South Mountain.
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