Phoenix Gateway Office Space

Phoenix Gateway

Market Report

Number of Listings
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
26,570

Phoenix Gateway Rates

The typical asking rate per listing is in the $30's per square foot per year. The Phoenix Gateway region is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 5% decline in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Phoenix Gateway submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Phoenix Gateway Listing Supply

In the last 90 days, 84 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Phoenix Gateway are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 26,570 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this market were built in 1998 and are Class A.

Phoenix Gateway Community

Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Phoenix Gateway residents. Commuting approximately 20 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 Phoenix Gateway.
Research