On average, listings lease in the $20's per square foot per year. The New River submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $21 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the New River submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 10 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 10% of the listings in the New River 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 2,830 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 1 floors. Most buildings in this market were built in 2008 and are Class A.
Real time and historical data on commercial real estate listings in New River.
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