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Most commerial real estate listings for lease are in the $20's per square foot per year. The New River submarket is seeing a an increase in rates. In the last 3 months, the median rate for lease rose $21 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area commercial real estate market, the New River submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 10 commercial real estate listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 10% of the commercial real estate listings in the New River 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.
The standard size for office space in this area is around 2,830 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this area were built around 2008 and are Class A.
Real time and historical data on commercial real estate listings in New River.
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