On average, listings lease in the $40's per square foot per year. The Copper Square submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Copper Square submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 11,460 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 24 stories. Most buildings in this region were built in 1987 and are Class A.
Manufacturing is the dominant industry in this area. Most of the folk of Copper Square work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.