Monterey Arcadia Office Space

Monterey Arcadia

Office Space Market Report

Number of Listings (last 90 days)
22
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
1,830
As of: June 28, 2017

Monterey Arcadia Rates

On average, listings lease in the $20's per square foot per year. The Monterey Arcadia submarket is going through a a boost in rates. In the last 3 months, the median rate rose $28 per sqft per year.

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

Monterey Arcadia Listing Supply

In the last 90 days, 22 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 32% of the office spaces in the Monterey Arcadia 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 1,830 sqft. Most properties in this area are around 2 stories. Most buildings in this area were built in 1983 and are Class B.

Monterey Arcadia Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Most of the folk of Monterey Arcadia work from home. Commuting around 30 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 Monterey Arcadia.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Monterey Arcadia.
Research