Gilbert Office Space

Gilbert

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,770
As of: July 22, 2017

Gilbert Rates

The typical asking rate per listing is in the $20's per square foot per year. The Gilbert region is seeing a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 25% decline in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Gilbert region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Gilbert Listing Supply

In the last 90 days, 38 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 126% of the available space in the Gilbert are subleases, so you might be able to find a shorter term or below market rent. 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 1,000 sqft. Most properties in this market are around 1 floors. Most buildings in this area were built in 2006 and are Class B.

Gilbert Community

Market Report

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

Market Data

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