South Mountain Office Space

8222 S 48th St Space
Phoenix, AZ

South Mountain

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
7,870
As of: June 26, 2017

South Mountain Rates

The typical asking rate per listing is in the $10's per square foot per year. The South Mountain region is going through a an increase in rates. In the last 3 months, the median rate rose $20 per sqft per year.

Compared to the rest of the Phoenix Metropolitan Area market, the South Mountain region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

South Mountain Listing Supply

In the last 90 days, 19 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 84% of the listings in the South Mountain 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 posted, so finding a space for a small business might be tough.

Even though the median size is 7,870 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 1 stories. Most buildings in this area were built in 1997 and are Class B.

South Mountain Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst South Mountain occupants. Commuting between 30 and 45 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 South Mountain.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Mountain.
Research