The typical asking rate per listing is in the $30's per square foot per year. The Downtown Scottsdale region is going through a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 33% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Scottsdale submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 40 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 5% of the office spaces in the Downtown Scottsdale are subleases, so you will probably have to focus your search on direct office leases. 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 1,550 sqft. Most buildings in this region are close to 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 close to an hour a day is the norm for those who opt to reside in this part of town.