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Most commerial real estate listings for lease are in the $20's per square foot per year. The Warehouse District region is going through a a boost in rates. In the last 3 months, the median rate for lease rose $26 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area commercial real estate market, the Warehouse District submarket has more expensive rates for rent, and you may need to make a great offer to be in this hot submarket.
In the last 90 days, 5 commercial real estate listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 40% of the commercial real estate listings in the Warehouse District are subleases, so you might be able to find a shorter term or below market rent. 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 26,170 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built around 1940.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Warehouse District residents. Commuting close to an hour 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 Warehouse District.
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