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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Kierland region is going through a decrease in rates. In the last 3 months, the median rate for lease fell $7 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area commercial real estate market, the Kierland region has more expensive rates for rent, and you may need to pay a premium to be in this hot region.
In the last 90 days, 202 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 0% of the available commercial real estate space in the Kierland 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 2,850 sqft. Most properties in this region are around 3 floors. Most buildings in this region were built close to 2000 and are Class A.
A large portion of this area is residential, but there's plenty of office space. Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Kierland residents. Commuting between 30 and 45 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 Kierland.
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