Grove at Black Canyon Sublease

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Grove at Black Canyon

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
1,900
As of: June 23, 2017

Grove at Black Canyon Rates

The typical asking rate per listing is in the $20's per square foot per year. The Grove at Black Canyon region is seeing a an increase in rates. In the last 3 months, the median rate went up $25 per sqft per year.

Compared to the rest of the Phoenix Metropolitan Area market, the Grove at Black Canyon region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Grove at Black Canyon Listing Supply

In the last 90 days, 11 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 9% of the listings in the Grove at Black Canyon are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,900 sqft. Most properties in this area are close to 4 floors. Most buildings in this region were built in 1998 and are Class A.

Grove at Black Canyon Community

This area is fairly equally mixed residential and commercial. Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Grove at Black Canyon occupants. Commuting around 30 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 Grove at Black Canyon.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Grove at Black Canyon.
Research