The typical asking rate per listing is in the $20's per square foot per year. The Coronado submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $26 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Coronado submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 7 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 86% of the office spaces in the Coronado 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 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 2,280 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region were built in 1975 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Coronado occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.