Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Phoenix submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 8 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 225% of the available leases in the Downtown Phoenix are subleases, so you might be able to find a shorter term or below market rent. 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 3,660 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 14 floors. Most buildings in this market were built in 1965 and are Class A.
This region is fairly equally mixed residential and commercial. Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Phoenix folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.