Arizona Sublease

Esplanade Tower 4 Space
Phoenix, AZ
# Office Sublease in the Esplanade Sublease office space available in the Esplanade IV, an 11-story, Class A office tower, located at 2575 E. Camelback Road in Phoenix, Ariz. Suite 870 is approximately 2,268 square feet with a lease rate of $25 PSF, full service. The sublease expires on November 30, 2018. The Esplanade consists of three 11-story and one 10-story Class A office towers. Located in the heart of the Camelback Corridor, the property is directly across the street from Biltmore Fashion Park, offering specialty retail and fine dining, accessible via an underground pedestrian tunnel. The Esplanade amenities and features include an underground parking structure, 24-hour building security, Camby Hotel, upscale restaurants, salon services and a dine-in movie theatre. Seven parking spaces may be added to the lease at $75 per month (one space may be upgraded to reserved parking at $95 per month). Features - Opulent finishes throughout - 2015 Energy Star label for operating efficiency - 24-hour building security - Underground parking structure with reserved parking available - Premier location at the cornerstone of the Camelback Corridor - Convenient access to SR 51 and the Valley freeway system - On-site amenities include the Camby hotel, upscale restaurants, salon services and dine-in movie theatre - Across the street from the Biltmore Fashion Park, offering specialty retail and fine dining, accessible via an underground pedestrian tunnel

Arizona

Office Space Market Report

Number of Listings (last 90 days)
1,773
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,880
As of: February 24, 2017

Arizona Rates

The typical asking rate per listing is in the $20's per square foot per year. The Arizona region is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.

Arizona Listing Supply

In the last 90 days, 1773 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the office spaces in the Arizona 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 1,880 sqft. Most buildings in this market are around 2 floors. Most buildings in this region were built in 1990 and are Class B.

Arizona Community

Market Report

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

Market Data

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