McCormick Ranch Retail

McCormick Ranch

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,260
As of: December 9, 2016

McCormick Ranch Rates

On average, listings lease in the $20's per square foot per year. The McCormick Ranch region is experiencing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 10% increase in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the McCormick Ranch submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.

McCormick Ranch Listing Supply

In the last 90 days, 15 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 13% of the office spaces in the McCormick Ranch are subleases, so you might be able to snag a great spot on a short term. 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 2,260 sqft. Most properties in this area are approximately 2 floors. Most buildings in this area were built in 1986 and are Class B.

McCormick Ranch Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst McCormick Ranch occupants. Commuting between 20 and 25 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 McCormick Ranch.
Market Report

Market Data

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