On average, listings lease in the $20's per square foot per year. The Camelback East region is going through a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Camelback East region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 1930 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the listings in the Camelback East 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 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by bike is the most popular way to get to work amongst Camelback East occupants. 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 Camelback East.
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