Central City Office Space

Central City

Office Space Market Report

Number of Listings (last 90 days)
707
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
4,040
As of: August 17, 2017

Central City Rates

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

Central City Listing Supply

In the last 90 days, 26 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 173% of the office spaces in the Central City are subleases, so you might be able to snag a great spot on a short term. 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 3,660 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this region were built in 1971 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 region. Commute by walking is the most popular way to get to work amongst Central City residents. Commuting close to 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

Phoenix Submarkets