New River Industrial

New River

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
4,450
As of: July 23, 2017

New River Rates

Compared to the rest of the Phoenix Metropolitan Area market, the New River submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.

New River Listing Supply

In the last 90 days, 2 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 500% of the office spaces in the New River are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 4,450 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 1 floors. Most buildings in this region were built in 2004 and are Class A.

New River Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst New River occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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

New River Submarkets