Central City 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

Central City

Office Space Market Report

Number of Listings (last 90 days)
22
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
5,700
As of: February 27, 2017

Central City Rates

Most listings are in the $20's per square foot per year. The Central City region is going through a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 24% rise in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Central City submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Central City Listing Supply

In the last 90 days, 22 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 5,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 3 stories. Most buildings in this area were built in 1972 and are Class B.

Central City Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Central City residents. Commuting approximately an hour 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 Central City.
Market Report

Market Data

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