Most listings are in the $40's per square foot per year. The Kierland submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Kierland submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the office spaces in the Kierland 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 2,560 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 4 stories. 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 market. 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.