Grayhawk Retail

Grayhawk

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
2,800
As of: December 7, 2016

Grayhawk Rates

On average, listings lease in the $20's per square foot per year. The Grayhawk submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decrease in rent.

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

Grayhawk Listing Supply

In the last 90 days, 11 listings have been posted online, which means office spaces are probably 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,800 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this region were built in 2007 and are Class B.

Grayhawk Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Most of the folk of Grayhawk work from home. Commuting more than an hour and a half 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 Grayhawk.
Market Report

Market Data

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