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On average, commerial real estate listings lease in the $30's per square foot per year. The Phoenix Gateway region is experiencing a decrease in rates. In the last 3 months, the median rate for lease fell $1 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area commercial real estate market, the Phoenix Gateway submarket has more expensive rates for rent, and you may have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 84 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 5,690 sqft. Most buildings in this market are close to 4 floors. Most buildings in this area were built around 1988 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Phoenix Gateway occupants. Commuting around 20 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 Phoenix Gateway.
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