Most listings are in the $30's per square foot per year. The Downtown Scottsdale submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Scottsdale region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 39 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,530 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region were built in 1982 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Scottsdale folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.