Arizona Office Space

333 W Roosevelt St Space
Downtown Phoenix, Phoenix, AZ
# For Lease Historic Single-Tenant Building For Lease 4,200 SF historic single-tenant, two-story office building, located at 333 W Roosevelt St., in Phoenix, Ariz. 333 W Roosevelt offers a fantastic opportunity to join the thriving Roosevelt Community. Roosevelt has been named one of the top areas to be in the entire country. The area is set to become even more high energy with several apartment projects under construction along with some of the top hang-out spots in the city within easy walking distance. - Available: 4,200 SF - Lease rate: $18.50 PSF, modified gross (net electric & janitorial) - Zoning: M-H - Parking 4:1,000 **Historic Stenlake House** William Stenlake, the local blacksmith, originally built this house for his family in 1894 at the corner of 4th Avenue and Filmore in 1894. The home remained with the Stenlake family until they sold it in the mid-1930s. Following the sale, the home was first converted into a hotel, then a boarding home and then in the mid-70’s, a home for senior citizens. Facing demolition due to redevelopment in March, 1985, real estate developer Phil Gordon decided to move the house in order to preserve a piece of Phoenix’s history. During the moving process however, the house was severely damaged. In order to save one of the oldest brick homes in Phoenix, the building was taken apart brick by brick where it was rebuilt at its current location. Today it is a visible part of the vibrant Roosevelt District’s storied past. Features - Historic house – office space; two-stories - In the heart of the thriving Roosevelt District - Less than two minutes from freeway - Southeast corner of Roosevelt St and 4th Ave

Arizona

Office Space Market Report

Number of Listings (last 90 days)
2,165
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,920
As of: January 19, 2017

Arizona Rates

The typical asking rate per listing is in the $20's per square foot per year. The Arizona submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.

Arizona Listing Supply

In the last 90 days, 2173 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the listings in the Arizona are subleases, so you will probably have to consider a longer term lease. 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 1,950 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market were built in 1992 and are Class B.

Arizona Community

Market Report

Trends and status of the commercial real estate market in Arizona.
Market Report

Market Data

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