Resort Corridor Office Space

Resort Corridor

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
2,370
As of: December 6, 2016

Resort Corridor Rates

The typical asking rate per listing is in the $20's per square foot per year. The Resort Corridor region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Resort Corridor submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Resort Corridor Listing Supply

In the last 90 days, 20 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the available space in the Resort Corridor 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,370 sqft. Most buildings in this region are around 3 stories. Most buildings in this region were built in 1987 and are Class B.

Resort Corridor Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Most of the folk of Resort Corridor work from home. 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 Resort Corridor.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Resort Corridor.
Research