Most listings are in the $40's per square foot per year. The Copper Square submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $15 per sqft per year. That's a 56% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Copper Square submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 14 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 29% of the listings in the Copper Square are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 5,190 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 24 stories. Most buildings in this market were built in 1987 and are Class A.
Manufacturing is the dominant industry in this market. Most of the occupants of Copper Square work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.