Central City Retail

Central City

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
4,200
As of: February 20, 2017

Central City Rates

Compared to the rest of the Phoenix Metropolitan Area market, the Central City submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Central City Listing Supply

In the last 90 days, 37 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the available space in the Central City 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 4,200 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this market 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 area. Commute by walking is the most popular way to get to work amongst Central City occupants. Commuting around 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