The typical asking rate per listing is in the $30's per square foot per year. The Downtown Scottsdale region is experiencing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Scottsdale submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 37 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the listings in the Downtown Scottsdale are subleases, so you will probably have to consider a longer term lease. 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 1,520 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built in 1982 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Scottsdale occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.