Arts Districts Retail

Arts Districts

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
2,460
As of: February 24, 2017

Arts Districts Rates

The typical asking rate per listing is in the $30's per square foot per year. The Arts Districts submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $37 per sqft per year.

Compared to the rest of the Phoenix Metropolitan Area market, the Arts Districts submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Arts Districts Listing Supply

In the last 90 days, 3 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,850 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this area were built in 1985 and are Class A.

Arts Districts Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Arts Districts residents. Commuting approximately 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 Arts Districts.
Market Report

Market Data

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