Central City Retail Space For Lease

Central City

Market Report

Number of Listings For Lease
Posted in the last 90 days
50
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
600

Central City Commercial Real Estate

Find Central City commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Central City commercial real estate broker in Central City's Top Broker Directory. Learn about Central City commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Central City Rates

The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Central City region is experiencing a a rise in rates. In the last 3 months, the median rate for lease increased $19 per sqft per year. That's a 100% rise in rent.

Compared to the rest of the Phoenix Metropolitan Area commercial real estate market, the Central City submarket has greater rates for rent, and you may have to negotiate above asking rent to be in this hot region.

Central City Listing Supply

In the last 90 days, 707 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Central City are subleases, so you will probably have to consider a longer term lease. 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 5,710 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built approximately 1972 and are Class C.

Central City Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Central City residents. Commuting approximately an hour 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 Central City.
Research