North Gateway Retail

North Gateway

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
1,900
As of: August 18, 2017

North Gateway Rates

The typical asking rate per listing is in the $30's per square foot per year. The North Gateway submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 44% increase in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the North Gateway region has greater rates, and you'll need to pay a premium to be in this hot submarket.

North Gateway Listing Supply

In the last 90 days, 13 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 31% of the available space in the North Gateway are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,900 sqft. Most properties in this area are close to 1 floors. Most buildings in this market were built in 2007 and are Class B.

North Gateway Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst North Gateway folk. Commuting around 15 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 North Gateway.
Market Report

Market Data

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