Downtown Phoenix Industrial

Downtown Phoenix

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,240
As of: December 10, 2016

Downtown Phoenix Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Phoenix region is seeing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 19% decrease in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Phoenix submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Downtown Phoenix Listing Supply

In the last 90 days, 24 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the office spaces in the Downtown Phoenix 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,240 sqft. Most properties in this region are close to 18 floors. Most buildings in this market were built in 1965 and are Class A.

Downtown Phoenix Community

A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Phoenix occupants. Commuting between 30 and 45 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 Downtown Phoenix.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Phoenix.
Research