Arizona Industrial

Arizona

Office Space Market Report

Number of Listings (last 90 days)
1,683
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
1,970
As of: July 22, 2017

Arizona Rates

The typical asking rate per listing is in the $20's per square foot per year. The Arizona region is going through a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decrease in rent.

Arizona Listing Supply

In the last 90 days, 1683 listings have been posted online, so you'll want to check back regularly for new listings. About 77% of the office spaces in the Arizona are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,910 sqft. Most properties in this market are around 2 floors. Most buildings in this area were built in 1990 and are Class B.

Arizona Community

Market Report

Trends and status of the commercial real estate market in Arizona.
Market Report

Market Data

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