Downtown Phoenix Office Space For Lease

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

Downtown Phoenix

Market Report

Number of Listings For Lease
Posted in the last 90 days
33
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
5,710

Downtown Phoenix Commercial Real Estate

Find Downtown Phoenix 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 Downtown Phoenix commercial real estate broker in Downtown Phoenix's Top Broker Directory. Learn about Downtown Phoenix commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Downtown Phoenix Rates

Most commerial real estate listings for lease are in the $40's per square foot per year. The Downtown Phoenix region is experiencing a decline in rates. In the last 3 months, the median rate for lease decreased $5 per sqft per year.

Compared to the rest of the Phoenix Metropolitan Area commercial real estate market, the Downtown Phoenix region has higher rates for rent, and you may need to make a great offer to be in this hot region.

Downtown Phoenix Listing Supply

In the last 90 days, 372 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate space in the Downtown Phoenix are subleases, so you will probably have to focus your search on direct leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard size for office space in this area is around 5,710 sqft. Most properties in this region are around 8 floors. Most buildings in this market were built around 1969 and are Class B.

Downtown Phoenix Community

This market is fairly equally mixed residential and commercial. Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Phoenix occupants. Commuting between 30 and 45 minutes 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 Downtown Phoenix.
Research