New River Retail

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New River

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: September 25, 2016

New River Rates

Most listings are in the $40's per square foot per year. The New River submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $25 per sqft per year. That's a 119% increase in rent.

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

New River Listing Supply

In the last 90 days, 1 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,200 sqft. Most buildings in this area were built in 2008 and are Class A.

New River Community

New River Submarkets