Arizona Industrial

Arizona

Office Space Market Report

Number of Listings (last 90 days)
2,109
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
1,950
As of: September 26, 2016

Arizona Rates

On average, listings lease in the $20's per square foot per year. The Arizona submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.

Arizona Listing Supply

In the last 90 days, 2107 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available space in the Arizona are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1992 and are Class B.

Arizona Community