On average, listings lease in the $20's per square foot per year. The Scottsdale Ranch submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $28 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Scottsdale Ranch submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have been listed, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,600 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region were built in 1987 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Scottsdale Ranch occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.