The typical asking rate per listing is in the $30's per square foot per year. The Monterey Arcadia region is experiencing a a boost in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 59% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Monterey Arcadia submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 167 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the available space in the Monterey Arcadia are subleases, so you will probably have to consider a longer term lease. 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 4,270 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 1 floors. Most buildings in this region 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. Finance and insurance are the dominant industries in this region. Most of the residents of Monterey Arcadia work from home. Commuting approximately 30 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 Monterey Arcadia.
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