On average, listings lease in the $20's per square foot per year. The McCormick Ranch region is experiencing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the McCormick Ranch submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 372 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available space in the McCormick Ranch are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,200 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst McCormick Ranch residents. Commuting between 20 and 25 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 McCormick Ranch.
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