McCormick Ranch Sublease

McCormick Ranch

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 23, 2016

McCormick Ranch Rates

Most listings are in the $20's per square foot per year. The McCormick Ranch submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 18% decrease in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the McCormick Ranch submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

McCormick Ranch Listing Supply

In the last 90 days, 7 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 14% of the available space in the McCormick Ranch 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,450 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this area were built in 1986 and are Class B.

McCormick Ranch Community

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 occupants. Commuting between 20 and 25 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 McCormick Ranch.
Market Report

Market Data

Real time and historical data on commercial real estate listings in McCormick Ranch.