South Mountain Sublease

South Mountain

Office Space Market Report

Number of Listings (last 90 days)
26
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
15,840
As of: December 9, 2016

South Mountain Rates

On average, listings lease in the $20's per square foot per year. The South Mountain region is seeing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% rise in rent.

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

South Mountain Listing Supply

In the last 90 days, 26 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 15,840 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 2000 and are Class B.

South Mountain Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst South Mountain folk. 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 South Mountain.
Market Report

Market Data

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