On average, listings lease in the $30's per square foot per year. The Phoenix Gateway submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Phoenix Gateway submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 84 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Phoenix Gateway are subleases, so you will probably have to consider a longer term lease. 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 26,570 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this region were built in 1998 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Phoenix Gateway residents. Commuting approximately 20 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 Phoenix Gateway.
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