Central City Retail

Central City

Office Space Market Report

Number of Listings (last 90 days)
26
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
3,660
As of: August 19, 2017

Central City Rates

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

Central City Listing Supply

In the last 90 days, 26 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 146% 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 4,040 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1971 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 market. Commute by walking is the most popular way to get to work amongst Central City folk. Commuting approximately 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