Downtown Scottsdale Retail Space

Downtown Scottsdale

Market Report

Number of Listings
Posted in the last 90 days
45
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
990

Downtown Scottsdale Rates

On average, listings lease in the $20's per square foot per year. The Downtown Scottsdale region is going through a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 19% decrease in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Scottsdale submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Downtown Scottsdale Listing Supply

In the last 90 days, 515 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the listings in the Downtown Scottsdale 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 990 sqft. Most properties in this market are approximately 2 floors. Most buildings in this region were built in 1982 and are Class A.

Downtown Scottsdale Community

A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Scottsdale folk. 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 Downtown Scottsdale.
Research