The typical asking rate per listing is in the $10's per square foot per year. The Kierland submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $23 per sqft per year. That's a 54% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Kierland region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 1 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,430 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this region were built in 2000 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Kierland occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.