New River Retail

New River

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
4,450
As of: June 23, 2017

New River Rates

On average, listings lease in the $30's per square foot per year. The New River region is going through a a rise in rates. In the last 3 months, the median rate rose $33 per sqft per year.

Compared to the rest of the Phoenix Metropolitan Area market, the New River region has higher rates, and you'll need to pay a premium to be in this hot region.

New River Listing Supply

In the last 90 days, 2 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 500% of the office spaces in the New River 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.

Even though the median size is 4,450 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 1 floors. Most buildings in this region were built in 2004 and are Class A.

New River Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst New River residents. Commuting around 10 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 New River.
Market Report

Market Data

Real time and historical data on commercial real estate listings in New River.
Research

New River Submarkets