Most listings are in the $10's per square foot per year. The North Mountain submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the North Mountain region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 922 listings have been listed, so you'll want to check back regularly for new listings. About 14% of the office spaces in the North Mountain are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,100 sqft. Most buildings in this area are close to 1 floors. Most buildings in this area were built in 1983 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 area. Commute by car is the most popular way to get to work amongst North Mountain folk. Commuting around 15 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 North Mountain.
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