Central City Retail

Central City

Office Space Market Report

Number of Listings (last 90 days)
26
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
10,220
As of: June 26, 2017

Central City Rates

On average, listings lease in the $40's per square foot per year. The Central City region is experiencing a a rise in rates. In the last 3 months, the median rate rose $45 per sqft per year.

Compared to the rest of the Phoenix Metropolitan Area market, the Central City submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.

Central City Listing Supply

In the last 90 days, 26 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 192% of the available leases in the Central City are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 10,220 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1972 and are Class B.

Central City Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Central City residents. Commuting close to an hour 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 Central City.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central City.
Research