On average, listings lease in the $20's per square foot per year. The El Presidio region is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Tucson Metropolitan Area market, the El Presidio submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 30 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 30% of the available leases in the El Presidio 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 measurement for office space in this area is around 1,870 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market were built in 1965 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst El Presidio residents. Commuting under 5 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 El Presidio.
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