Kierland Sublease

Kierland

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$41
Median Size (sqft)
2,510
As of: August 20, 2017

Kierland Rates

Most listings are in the $40's per square foot per year. The Kierland submarket is going through a a rise in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 29% rise in rent.

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

Kierland Listing Supply

In the last 90 days, 5 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 140% of the available space in the Kierland 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 available, so finding a space for a small business might be tough.

Even though the median size is 2,510 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 4 floors. Most buildings in this market were built in 2000 and are Class A.

Kierland Community

A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this area. 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.

Market Report

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

Market Data

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