South Mountain Office Space

8222 S 48th St Space
Phoenix, AZ
# For Lease Newly Renovated Office Building The Promenade at South Mountain is a newly renovated, two-story office property, located at 8222 S 48th St., in Phoenix, Ariz. Available suites range from ±950 square feet to ±29,000 square feet, with a lease rate of $16.50 PSF, full service. _Refer to flyers and floor plans in side column for details_. The Promenade at South Mountain is located near the popular Ahwatukee Foothills area with more than 77,000 residents and is close to a variety of casual and fine dining restaurants and retail at Arizona Mills Mall. This lushly landscaped property backs to the Arizona Grand Golf Course and is adjacent to the South Mountain Park and Reserve with more than 51 miles of hiking trails. Tenants enjoy world-class amenities at the Arizona Grand Resort including discounted corporate membership plans. Features - Parking Ratio: 4/1,000. Covered/reserved parking available. - Open two-story lobby’s features floor-to ceiling windows and modern wood and stone finishes - Media walls in lobbies with large screen TV’s and high-definition programming - Office suites with oversized windows offer views of the Arizona Grand Golf Course and direct access to courtyards - Landscaped courtyards throughout the property are a great place for employee breaks and informal meetings - Common area break room adjacent to one of the courtyards - Common area and private rest rooms throughout the property - Building and suite signage available - Custom space planning and tenant improvements available - Convenient access to I-10 and minutes away from Sky Harbor International Airport and Arizona State University

South Mountain

Office Space Market Report

Number of Listings (last 90 days)
19
As of: April 30, 2017

South Mountain Rates

On average, listings lease in the $0's per square foot per year. The South Mountain submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 100% decline in rent.

South Mountain Listing Supply

In the last 90 days, 19 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around  sqft. Most buildings in this region are approximately 1 floors. Most buildings in this region were built in 1998 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