On average, listings lease in the $30's per square foot per year. The Kierland submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Kierland region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 10,270 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this market were built in 2000 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Kierland occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.