The typical asking rate per listing is in the $30's per square foot per year. The Copper Square submarket is going through a decline in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 28% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Copper Square submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 34 listings have come on the market, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 3,130 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 24 floors. Most buildings in this area were built in 1987 and are Class A.
Manufacturing is the dominant industry in this region. Most of the folk 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.