Sonoran Desert Village Sublease

Sonoran Desert Village

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
2,000
As of: June 23, 2017

Sonoran Desert Village Rates

The typical asking rate per listing is in the $10's per square foot per year. The Sonoran Desert Village submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $16 per sqft per year.

Compared to the rest of the Phoenix Metropolitan Area market, the Sonoran Desert Village submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Sonoran Desert Village Listing Supply

In the last 90 days, 10 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 20% of the available space in the Sonoran Desert Village 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this market are close to 1 floors. Most buildings in this region were built in 2007 and are Class B.

Sonoran Desert Village Community

This area is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Sonoran Desert Village residents. 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 Sonoran Desert Village.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Sonoran Desert Village.
Research