Peoria Sublease

Peoria

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
10,560
As of: August 21, 2017

Peoria Rates

The typical asking rate per listing is in the $30's per square foot per year. The Peoria submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $13 per sqft per year. That's a 49% rise in rent.

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

Peoria Listing Supply

In the last 90 days, 17 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 24% of the available space in the Peoria are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 10,560 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this region were built in 2005 and are Class B.

Peoria Community

Market Report

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

Market Data

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

Peoria Submarkets