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The typical asking rate per commerial real estate listing leases is in the $40's per square foot per year. The Copper Square region is experiencing a decline in rates. In the last 3 months, the median rate for lease fell $5 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area commercial real estate market, the Copper Square region has higher rates for rent, and you may have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 322 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the commercial real estate listings in the Copper Square 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 size for office space in this area is around 6,490 sqft. Most buildings in this area are around 20 floors. Most buildings in this market were built close to 1984 and are Class A.
Manufacturing is the dominant industry in this region. Most of the residents of Copper Square work from home. Commuting close to 10 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 Copper Square.
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