On average, listings lease in the $40's per square foot per year. The Kierland submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Kierland submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% 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 2,560 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 4 floors. Most buildings in this area were built in 2000 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this area. 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.