Airpark Industrial

Airpark

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
3,020
As of: December 6, 2016

Airpark Rates

The typical asking rate per listing is in the $30's per square foot per year. The Airpark region is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 5% decrease in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Airpark region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Airpark Listing Supply

In the last 90 days, 47 listings have been made available, so you'll want to check back regularly for new listings. About 9% of the available leases in the Airpark are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,870 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 1999 and are Class B.

Airpark Community

Education is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Airpark folk. Commuting approximately 30 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 Airpark.
Market Report

Market Data

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