On average, listings lease in the $40's per square foot per year. The Kierland submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Kierland submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 11 listings have been made available, which means new availabilities 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,330 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 4 stories. Most buildings in this area were built in 2000 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Kierland folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.