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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Kierland region is seeing a decrease in rates. In the last 3 months, the median rate for lease fell $7 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area commercial real estate market, the Kierland submarket has greater rates for rent, and you may need to pay a premium to be in this hot submarket.
In the last 90 days, 202 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 0% of the commercial real estate listings in the Kierland 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 size for office space in this area is around 2,850 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region were built approximately 2000 and are Class A.
A large portion of this market is residential, but there's plenty of office space. Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Kierland folk. 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 Kierland.
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