Phoenix Retail

4730 E Lone Mountain Rd Space
Desert View, Phoenix, AZ
# Lone Mountain Landing Retail Space Retail shop space available in Lone Mountain Landing, located at the northeast corner of Lone Mountain Road and Cave Creek Road in Phoenix, Ariz. Lone Mountain Landing is part of the NS Retail premier property portfolio that offers: (1) widespread availability across the market allowing multiple deals with single landlord source; (2) opportunity for regional, national and franchise-based tenants to enter market quickly with multiple locations in multiple trade areas; (3) prime intersections with great traffic and class A anchor tenants, such as Walmart, Fry’s and Safeway. _Refer to brochure in side column for map of all property locations._ Available Shop Space in Lone Mountain Landing - Suite Sizes: ±1,200 SF to ±1,679 – refer to brochure in side column for details - Suite 106: ±1,200 SF - Suite 110: ±1,206 SF - Suite 116: ±1,630 SF - Suite 126: ±1,209 SF - Suite 135: ±1,679 SF Traffic Counts - Lone Mountain Road: 6,786 VPD - Cave Creek Road: 25,143 VPD - Total: 31,929 VPD Features - Amazing retail opportunity in an underserved, North Phoenix trade area - Anchored by Tutor Time & Foothills Academy - More than 27,800 residents in a three-mile radius, with steady population growth predicted - Monument signage available on Cave Creek Road - Average annual household income over $126,950 - Tenants include Foothills Academy, Brisam’s Sports Grill, Tutor Time, Total Sports Fitness, Gauntlet CrossFit, Celebrity Tanning, Center for Evolved Movement, Lone Mountain Pet Grooming, Lone Mountain Cleaners and New Nails.
9620 N Metro Pkwy W Space
North Mountain, Phoenix, AZ
# Metro Power Center Retail Space & Pad Retail shop space and pad available in Metro Power Center, located at the southwest corner of N. Metro Pkwy West and Cheryl Dr., in Phoenix, Ariz. Metro Power Center is part of the NS Retail premier 10-property portfolio that offers: (1) widespread availability across the market allowing multiple deals with single landlord source; (2) opportunity for regional, national and franchise-based tenants to enter market quickly with multiple locations in multiple trade areas; (3) prime intersections with great traffic and class A anchor tenants, such as Walmart, Fry’s and Safeway. _Refer to brochure in side column for map of all property locations._ **Available Shop Space and Pad in Metro Power Center** - Suite Sizes: ±985 SF to ±40,166 SF – _refer to brochure in side column for details_ - Pad 1: ±64,193 SF - Two big box opportunities Traffic Counts - N Metro Pkwy West: 15,707 VPD - Cheryl Drive: 57,840 VPD - Total: 73,547 VPD Features - Adjacent to Metro Center Mall redevelopment - Two big box opportunities - Across from Walmart Supercenter (under construction) - Wonderful opportunity to get into the Metro Center retail market - More than 146,360 daytime employees - 165,162 vehicles per day on nearby I-17 - More than 175,685 residents within three miles - Average household income over $ 60,584 per year - Tenants include Mongolian Grill, Peter Piper Pizza, Old Country Buffet, E-Institute Charter School, 3D Nails and Mi Pueblo Mexican Restaurant
4730 E Indian School Rd Space
Camelback East, Phoenix, AZ
# Arcadia Towne Center - Retail Space Retail shop space available in Arcadia Towne Center, located at the northeast corner of Indian School Road and 48th Street in Phoenix, Ariz. Arcadia Towne Center is part of the NS Retail premier property portfolio that offers: (1) widespread availability across the market allowing multiple deals with single landlord source; (2) opportunity for regional, national and franchise-based tenants to enter market quickly with multiple locations in multiple trade areas; (3) prime intersections with great traffic and class A anchor tenants, such as Walmart, Fry’s and Safeway. Refer to brochure in side column for map of all property locations. Available with notice: - Suite 111: ± 4,879 SF street-front suite available with notice (Do not disturb current tenant) Traffic Counts - Indian School Road: 34,358 VPD - 48th Street: 3,454 VPD - Total: 37,454 VPD Features - Mezzanine office and retail space available facing Indian School Road - Beautifully maintained 69,480 SF shopping center in desirable, affluent neighborhood - Anchored by Safeway, CVS and Tutor Time - Highly visible space available in this high traffic center - More than 126,000 residents and 134,395 daytime employees within a three-mile radius - Average household incomes over $109,000 within a one-mile radius - Tenants include Safeway, CVS Pharmacy, Tutor Time, Edward Jones, The Bar Method, Super Cuts, Arcadia Urgent Care, Black Cat Coffee Shop, Sandy’s Magic Touch Cleaners, and more

Phoenix

Office Space Market Report

Number of Listings (last 90 days)
734
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
1,970
As of: March 11, 2017

Phoenix Office & Commercial Space for Lease

Commercial real estate in Scottsdale is still influenced by the economy, social factors and population trends. Customer service job demand continues to push large absorption in the office space market. There has been an increase in demand for office space in the submarkets. Scottsdale Airpark and Scottsdale South has seen a large increase of demand for commercial office space and sublease office space.

Class A office space is in high demand and has seen nearly twice as much recent absorption as Class B or Class C. Also, the majority of new construction in the city is going to be Class A commercial office space. Class A offices are averaging a price of $25 per square foot while Class B and Class C are $20 PSF and $15 PSF, respectively.

Commercial Real Estate Phoenix

The Metro Phoenix office market has been experiencing an uptick in recent demand. In 2013 vacancy rate was 21% and one year later we saw the fourth quarter of 2014’s vacancy rate at a healthy 19.1%. This increase in demand for office space in phoenix has lead to an increase in rent prices from landlords. On average rent has increased $1.00 per square foot, and looks to be trending upward. There is a large amount of new office buildings being built, currently 2.5 million square feet, this is the largest amount of offices space being built in Phoenix since the 2008 depression. The majority of this growth and all of the construction of new commercial office buildings is being driven by the suburban office markets. Although average price per square foot is the same vs the central business district. there is a 5% difference in vacancy rate. also, all of the construction of new office stock takes place in Tempe North, Scottsdale Airpark, Price Corridor, Mesa, and Chandler/Gilbert.

Phoenix Economic Overview

Phoenix’s economy grew from farming, spurred by king cotton, into manufacturing and is now holding some of the largest job growth in the country. Today, Real estate, Financial services, Manufacturing, Healthcare and Retail are the largest contributors to the city’s GDP. Office support jobs and Sales are the two largest employment categories in Phoenix at close to 20% of the workforce. Larger companies such as Avnet, PetSmart, Honeywell Aerospace and American Express have made a home in Phoenix. There has also been a surge of California technology companies coming to the city to employ large amounts of customer service representatives. Paypal was one of the first and most recently San Francisco startup Zenefits just leased enough space to hold 1,500 employees. With a growing demand for US customer service, Phoenix's office market will continue to grow to support these employees.

Phoenix Office Space in History

Phoenix first started as a farm in the Salt River Valley, and was declared a town one year later in 1868. One month later the first office was built, the United States Post Office with the founder of the farm, Jack Swilling, acting as postmaster. As the town grew through the 1870’s, it’s second office was built - a telegraph office - along with sixteen saloons and a handful of dance halls. By 1881, Phoenix became an official city with a population of 2,500. The railroad came shortly after that, and the population boomed, so the territory made Phoenix it’s capital. William Taft, in 1912, placed Phoenix as the capital of the brand new state. Eight years later, in 1920, over 1000 buildings we built in the city, including the first skyscraper, The Heard Building. After the advent of cheaper A/C in the 1950’s Phoenix begin to grow immensely. The construction that took place in 1959 alone is larger than any other 10 years combined. In the 1960’s, more building began to spring up including a larger stock of commercial office space. Phoenix City Square, Phoenix Financial Center, and the Phoenix Corporate Center were all built during this decade. The 1970’s brought a rapid growth to the downtown office market. in 1972, Arizona's largest office tower was constructed. Chase Tower stands at 40 stories, has three wings, and does not have any setbacks. Also, the US Bank Center, Wells Fargo Plaza, and Phoenix Symphony Hall were all constructed before the end of 1979.

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Market Report

Trends and status of the commercial real estate market in Phoenix.
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Market Data

Real time and historical data on commercial real estate listings in Phoenix.
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