Downtown Mesa Retail

Downtown Mesa

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Downtown Mesa Rates

The typical asking rate per listing is in the $10's per square foot per year. The Downtown Mesa submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 8% decline in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Mesa submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Downtown Mesa Listing Supply

In the last 90 days, 8 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. 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 2,050 sqft. Most buildings in this region are around 2 stories. Most buildings in this region were built in 1960 and are Class C.

Downtown Mesa Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Mesa residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.