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Central City Office Space For Lease

435 S. 3rd Avenue - Space Downtown Phoenix, Phoenix, AZ  
Sep 01
7,510
sqft
Sublease Industrial Office

Central City

Market Report

Number of Listings For Lease
Posted in the last 90 days
63
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
810

Central City Commercial Real Estate

Find Central City commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Central City commercial real estate broker in Central City's Top Broker Directory. Learn about Central City commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Central City Rates

On average, commerial real estate listings lease in the $30's per square foot per year. The Central City region is experiencing a an increase in rates. In the last 3 months, the median rate for lease went up $19 per sqft per year. That's a 100% rise in rent.

Compared to the rest of the Phoenix Metropolitan Area commercial real estate market, the Central City submarket has more expensive rates for rent, and you may need to make a great offer to be in this hot submarket.

Central City Listing Supply

In the last 90 days, 707 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate space in the Central City 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 posted, so finding a space for a small business might be tough.

The standard size for office space in this area is around 810 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built close to 1972 and are Class B.

Central City Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Central City residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Central City.
Research