The typical asking rate per listing is in the $40's per square foot per year. The Copper Square submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Copper Square submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 5 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 11,460 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 24 floors. Most buildings in this area were built in 1987 and are Class A.
Manufacturing is the dominant industry in this area. Most of the occupants of Copper Square work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.