On average, listings lease in the $30's per square foot per year. The Downtown Scottsdale submarket is going through a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 14% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Scottsdale region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 47 listings have been listed, so you'll want to check back regularly for new listings. About 57% of the available leases in the Downtown Scottsdale 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 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 1,780 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 1982 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Scottsdale residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.