On average, listings lease in the $30's per square foot per year. The Downtown Scottsdale submarket is going through a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 14% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Scottsdale region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 47 listings have been posted online, so you'll want to check back regularly for new listings. About 53% of the available leases in the Downtown Scottsdale 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 1,640 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1982 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Scottsdale residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.