Resort Corridor Sublease

Resort Corridor

Office Space Market Report

Number of Listings (last 90 days)
39
Median Rate ($/sqft/yr)
$35
Median Size (sqft)
1,700
As of: March 29, 2017

Resort Corridor Rates

On average, listings lease in the $30's per square foot per year. The Resort Corridor region is going through a a rise in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 20% rise in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Resort Corridor region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Resort Corridor Listing Supply

In the last 90 days, 39 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available space in the Resort Corridor 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,760 sqft. Most properties in this region are close to 3 stories. Most buildings in this region were built in 1987 and are Class B.

Resort Corridor Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the residents of Resort Corridor 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 Resort Corridor.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Resort Corridor.
Research