Kierland Retail

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Kierland

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
2,740
As of: July 26, 2017

Kierland Rates

On average, listings lease in the $40's per square foot per year. The Kierland submarket is going through a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 19% rise in rent.

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

Kierland Listing Supply

In the last 90 days, 5 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 120% of the available leases in the Kierland 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 2,740 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 4 floors. Most buildings in this area were built in 2000 and are Class A.

Kierland Community

A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Kierland residents. 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 Kierland.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Kierland.
Research