Downtown Phoenix Retail

Downtown Phoenix

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 21, 2016

Downtown Phoenix Rates

Most listings are in the $30's per square foot per year. The Downtown Phoenix region is going through a decrease in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 28% decline in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Phoenix submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.

Downtown Phoenix Listing Supply

In the last 90 days, 35 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,130 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 18 stories. Most buildings in this market were built in 1969 and are Class A.

Downtown Phoenix Community

A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Phoenix occupants. Commuting between 30 and 45 minutes 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 Downtown Phoenix.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Phoenix.