Sonoran Sublease

Sonoran

Office Space Market Report

Number of Listings (last 90 days)
41
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
3,020
As of: February 27, 2017

Sonoran Rates

The typical asking rate per listing is in the $20's per square foot per year. The Sonoran region is going through a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 20% decrease in rent.

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

Sonoran Listing Supply

In the last 90 days, 41 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available leases in the Sonoran 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.

Even though the median size is 3,020 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 2005 and are Class A.

Sonoran Community

A large portion of this market is residential, but there's plenty of office_space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Sonoran residents. 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 Sonoran.
Market Report

Market Data

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