New River Sublease

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New River

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,390
As of: December 2, 2016

New River Rates

On average, listings lease in the $20's per square foot per year. The New River region is experiencing a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 19% increase in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the New River region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

New River Listing Supply

In the last 90 days, 10 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,400 sqft. Most properties in this market are approximately 1 floors. Most buildings in this market were built in 2003 and are Class A.

New River 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 area. Commute by public transit is the most popular way to get to work amongst New River residents. Commuting around 10 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 New River.
Market Report

Market Data

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

New River Submarkets