Compared to the rest of the Phoenix Metropolitan Area market, the Arts Districts region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 35 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 9% of the available leases in the Arts Districts are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,850 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1991 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Arts Districts residents. Commuting close to 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 Arts Districts.
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