The typical asking rate per listing is in the $20's per square foot per year. The Downtown Scottsdale submarket is going through a decline in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 30% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Scottsdale submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 515 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the available leases in the Downtown Scottsdale are subleases, so you will probably have to consider a longer term lease. 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 1,070 sqft. Most properties in this region are approximately 2 stories. Most buildings in this area were built in 1982 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Scottsdale occupants. Commuting around 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 Downtown Scottsdale.
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