On average, listings lease in the $40's per square foot per year. The Kierland submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Kierland submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 202 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the listings in the Kierland 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,510 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this market were built in 2000 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Kierland residents. 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 Kierland.
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