On average, listings lease in the $30's per square foot per year. The Monterey Arcadia submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 51% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Monterey Arcadia region has higher 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 posted online, so you'll want to check back regularly for new listings. About 7% of the available leases 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,960 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 1 stories. 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. Finance and insurance are the dominant industries in this region. Most of the folk of Monterey Arcadia work from home. Commuting around 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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