Downtown Mesa Retail

Downtown Mesa

Market Report

Number of Listings
Posted in the last 90 days
8
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
1,700

Downtown Mesa Rates

On average, listings lease in the $20's per square foot per year. The Downtown Mesa submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 50% rise in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Mesa submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.

Downtown Mesa Listing Supply

In the last 90 days, 89 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the available leases in the Downtown Mesa are subleases, so you will probably have to focus your search on direct office leases. 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 1,700 sqft. Most properties in this market are approximately 1 floors. Most buildings in this market were built in 1968 and are Class B.

Downtown Mesa Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Mesa residents. Commuting close to 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 Downtown Mesa.
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