Fashion Square Sublease

Fashion Square

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
11,750
As of: January 23, 2017

Fashion Square Rates

The typical asking rate per listing is in the $50's per square foot per year. The Fashion Square region is experiencing a an increase in rates. In the last 3 months, the median rate went up $20 per sqft per year. That's a 50% increase in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Fashion Square submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.

Fashion Square Listing Supply

In the last 90 days, 2 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the Fashion Square 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 available, so finding a space for a small business might be tough.

Even though the median size is 11,750 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 5 stories. Most buildings in this market were built in 1987 and are Class A.

Fashion Square Community

This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this market. Most of the residents of Fashion Square work from home. 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 Fashion Square.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Fashion Square.
Research