Most listings are in the $30's per square foot per year. The Downtown Scottsdale submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 14% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Scottsdale region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 47 listings have been made available, so you'll want to check back regularly for new listings. About 53% of the office spaces in the Downtown Scottsdale are subleases, so you might be able to find a shorter term or below market rent. 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 1,640 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 1982 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Scottsdale residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.