Resort Corridor Sublease

Resort Corridor

Office Space Market Report

Number of Listings (last 90 days)
39
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
5,870
As of: July 23, 2017

Resort Corridor Rates

Most listings are in the $40's per square foot per year. The Resort Corridor region is seeing a a boost in rates. In the last 3 months, the median rate went up $10 per sqft per year. That's a 28% increase in rent.

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

Resort Corridor Listing Supply

In the last 90 days, 39 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 18% of the available leases in the Resort Corridor 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 posted, so finding a space for a small business might be tough.

Even though the median size is 5,870 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 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 region. 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