Listing Agency: CBRE - Tucson b***@cbre.com Show Phone

Listed By: Bruce Suppes · License #SA543260000 Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 14 Last Checked: Aug 16 at 11:26AM

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Investment Insights

Based on property information with market context.

This commercial property offers office space for rent in Phoenix, Arizona. The property provides 1317 square feet of space suitable for office use. Located at 11011 South 48th Street, the property is positioned within Phoenix, AZ, 85044.

Key Highlights

• Office space available for lease
• Located in Phoenix, Arizona

Property Analytics

Property Profile

Current Use

Brown Cabezudo Emily Physician Thriving Life Counseling, ... Counselor Linda Wiskerchen, Counselor Counselor Ahwatukee Childrens Theatre Theater & Performing Art Venue Industrial Inspection and Consulting, ... Consultant

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Daycare Center Garden Center Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.07 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,308

Businesses Nearby

Explore this area Business Placement

Demographics for 85044, AZ

39,559

Population

18,817

Households

2.1

Avg Household Size

41

Median Age

50%

College-Educated

97%

High-School Grad

16.5 sq mi

ZIP Area

2,398

Density / Sq Mi

$96,374

Median Household Income

$58,220

Median Earnings

$1,798

Median Rent

$437,400

Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$17.92 /SF/Yr

Avg Asking Price

$0.58–$45 /SF/Yr

Price Range

9,809 SF

Avg Space Size

This space is priced 14% above the average of $17.92 /SF/Yr.

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019

19.3% 2020

21.7% 2021

24.3% 2022

27.4% 2023

28.5% 2024

26.5% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Office space available for lease in Phoenix, Arizona.

Where is this office units located?

The property is located at 11011 South 48th Street Phoenix, AZ.

What is the lease rate?

The lease rate is $20.50 SF/Yr.

What are key features of this property?

This property features: Office space available for lease; Located in Phoenix, Arizona