The typical asking rate per listing is in the $40's per square foot per year. The Kierland region is seeing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Kierland submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 11 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the available leases in the Kierland are subleases, so you will probably have to focus your search on direct office leases. 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 4,300 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 4 floors. Most buildings in this area were built in 2000 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Kierland folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.