New River Office Space

New River

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,830
As of: June 24, 2017

New River Rates

Most listings are in the $20's per square foot per year. The New River submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $21 per sqft per year.

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

New River Listing Supply

In the last 90 days, 0 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the office spaces in the New River 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 available, so finding a space for a small business might be tough.

Even though the median size is 2,830 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 1 stories. Most buildings in this area were built in 2008 and are Class B.

New River Community

Market Report

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

Market Data

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

New River Submarkets