Compared to the rest of the Phoenix Metropolitan Area market, the Warehouse District region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the available leases in the Warehouse District are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 26,170 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this area were built in 1940.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Warehouse District folk. Commuting close to 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 Warehouse District.
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