On average, listings lease in the $20's per square foot per year. The McCormick Ranch region is seeing a decrease in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 0% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the McCormick Ranch region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 16 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the listings in the McCormick Ranch 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,830 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst McCormick Ranch folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.