Desert Ridge Office Space

Desert Ridge

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 23, 2016

Desert Ridge Rates

On average, listings lease in the $30's per square foot per year. The Desert Ridge region is seeing a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 6% rise in rent.

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

Desert Ridge Listing Supply

In the last 90 days, 8 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 13% of the available leases in the Desert Ridge are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,220 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 4 floors. Most buildings in this area were built in 2006 and are Class A.

Desert Ridge Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Desert Ridge folk. Commuting approximately 15 minutes 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 Desert Ridge.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Desert Ridge.