On average, listings lease in the $20's per square foot per year. The Downtown Scottsdale region is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 20% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Scottsdale submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 47 listings have been made available, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,010 sqft. Most buildings in this region are around 2 stories. Most buildings in this market were built in 1982 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Scottsdale residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.