On average, listings lease in the $40's per square foot per year. The Copper Square submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 56% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Copper Square region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 14 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 29% of the listings in the Copper Square are subleases, so you might be able to snag a great spot on a short term. 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 5,190 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 24 floors. Most buildings in this market were built in 1987 and are Class A.
Manufacturing is the dominant industry in this area. Most of the occupants of Copper Square work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.