On average, listings lease in the $30's per square foot per year. The Downtown Scottsdale region is seeing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Scottsdale region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 515 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Downtown Scottsdale are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,800 sqft. Most properties in this region are close to 2 floors. Most buildings in this region were built in 1982 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Scottsdale occupants. 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 Downtown Scottsdale.
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