Central City Sublease

Central City

Office Space Market Report

Number of Listings (last 90 days)
26
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
10,220
As of: June 24, 2017

Central City Rates

The typical asking rate per listing is in the $40's per square foot per year. The Central City region is experiencing a an increase in rates. In the last 3 months, the median rate went up $45 per sqft per year.

Compared to the rest of the Phoenix Metropolitan Area market, the Central City submarket has greater rates, and you'll need to make a great offer to be in this hot region.

Central City Listing Supply

In the last 90 days, 26 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 192% of the available leases in the Central City 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 posted, so finding a space for a small business might be tough.

Even though the median size is 10,220 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 1972 and are Class B.

Central City Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Central City folk. Commuting around an hour 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 Central City.
Market Report

Market Data

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