Most listings are in the $30's per square foot per year. The Resort Corridor region is going through a decline in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 25% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Resort Corridor submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 210 listings have been made available, so you'll want to check back regularly for new listings. About 0% of the available space in the Resort Corridor 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.
Even though the median size is 4,380 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this area were built in 1987 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Most of the residents of Resort Corridor work from home. 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 Resort Corridor.
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