Downtown Scottsdale Retail

Downtown Scottsdale

Office Space Market Report

Number of Listings (last 90 days)
39
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
1,530
As of: January 23, 2017

Downtown Scottsdale Rates

Most listings are in the $30's per square foot per year. The Downtown Scottsdale region is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 10% decrease in rent.

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

Downtown Scottsdale Listing Supply

In the last 90 days, 39 listings have been made available, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available space in the Downtown Scottsdale are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,530 sqft. Most properties in this region are approximately 2 stories. Most buildings in this area 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 region. Commute by public transit is the most popular way to get to work amongst Downtown Scottsdale occupants. Commuting close to 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