Most listings are in the $40's per square foot per year. The Copper Square submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Copper Square submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 5 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,430 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 market. 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.