Phoenix Office Market Awaits Next Big Investment Opportunity Now!
Financial Considerations and Pricing
When considering investments in the Phoenix office market, it's crucial to evaluate the financial aspects carefully. The average rental rate for office spaces in Phoenix is approximately $27 per square foot per year, with Class A spaces reaching up to $35 per square foot2. These rates are competitive compared to other major metropolitan areas, offering attractive entry points for investors.
Moreover, Phoenix's property tax rates are relatively lower than those in other cities, providing an added incentive for businesses and investors alike. This financial advantage, combined with the city's economic growth, makes Phoenix an appealing market for both short-term gains and long-term investments.