On average, listings lease in the $30's per square foot per year. The Gilbert Ranch submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Gilbert Ranch submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 6 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the office spaces in the Gilbert Ranch are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 7,800 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region were built in 2012.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Gilbert Ranch 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 Gilbert Ranch.
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