Downtown Scottsdale Retail

Downtown Scottsdale

Office Space Market Report

Number of Listings (last 90 days)
37
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
1,796
As of: December 9, 2016

Downtown Scottsdale Rates

Most listings are in the $30's per square foot per year. The Downtown Scottsdale region is experiencing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 7% increase in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Scottsdale submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Downtown Scottsdale Listing Supply

In the last 90 days, 38 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 8% of the available space in the Downtown Scottsdale are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,796 sqft. Most properties in this area are around 2 floors. Most buildings in this region were built in 1982 and are Class A.

Downtown Scottsdale Community

A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. 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.

Market Report

Trends and status of the commercial real estate market in Downtown Scottsdale.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Scottsdale.
Research