Central City Commercial Real Estate

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Regus
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801 S 16th St - Space Phoenix Sky Harbor Center, Phoenix, AZ 24 foot ceiling height and HVAC
Aug 02
8,220
sqft
Industrial Mixed Use Office Medical
214 W Roosevelt St - 2 Spaces Downtown Phoenix, Phoenix, AZ Close Public Transit.
Sep 19
590 - 1,110
sqft
Retail
1122 N 7th St - Entire Building Phoenix, AZ grey shell condition
Aug 22
24,000
sqft
Retail
435 S. 3rd Avenue - Space Downtown Phoenix, Phoenix, AZ  
Sep 01
7,510
sqft
Sublease Industrial Office
926 E Jackson St - Entire Building Central City, Phoenix, AZ  
Jul 20
41,000
sqft
Office

Central City

Market Report

Number of Listings
Posted in the last 90 days
9
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
4,040

Central City Rates

The typical asking rate per listing is in the $10's per square foot per year. The Central City region is seeing a decline in rates. In the last 3 months, the median rate decreased $25 per sqft per year. That's a 57% decrease in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Central City region has lower rates, so you should have no trouble finding a great deal in this discounted region.

Central City Listing Supply

In the last 90 days, 707 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available leases in the Central City 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,440 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1972 and are Class B.

Central City Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Central City occupants. 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 Central City.
Research