Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Phoenix region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 413% of the available space in the Downtown Phoenix 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,280 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 14 stories. Most buildings in this region were built in 1965 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Phoenix folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.