Downtown Glendale Office Space

Downtown Glendale

Market Report

Number of Listings
Posted in the last 90 days
0
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
2,610

Downtown Glendale Rates

On average, listings lease in the $10's per square foot per year. The Downtown Glendale region is going through a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 26% decrease in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Glendale region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Downtown Glendale Listing Supply

In the last 90 days, 34 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the listings in the Downtown Glendale 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.

Even though the median size is 2,610 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1957 and are Class B.

Downtown Glendale Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Glendale occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Downtown Glendale.
Research