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On average, commerial real estate listings lease in the $30's per square foot per year. The Marilyn Ann region is going through 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 Marilyn Ann submarket has higher rates for rent, and you may need to pay a premium to be in this hot region.
In the last 90 days, 1 commercial real estate listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 210 sqft. Most buildings in this market were built close to 1978.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Marilyn Ann folk. Commuting approximately 10 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 Marilyn Ann.
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