Sonoran Industrial

Sonoran

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
7,760
As of: May 19, 2017

Sonoran Rates

Most listings are in the $30's per square foot per year. The Sonoran region is going through a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 21% increase in rent.

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

Sonoran Listing Supply

In the last 90 days, 34 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available space in the Sonoran are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 7,760 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this area were built in 2005 and are Class A.

Sonoran Community

A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Sonoran occupants. Commuting between 30 and 45 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 Sonoran.
Market Report

Market Data

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