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Creative Office Sublease Space
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40 N Central Ave, Phoenix, AZ 85004

Creative office sublease available now with FFE included and dedicated huddle, office, and conference space.

Property Size19,500 SF
Days on Market841

Property Features for 40 N Central Ave

General Information

Standard status Active
Size 19,500 SF
Net Rentable 39,283 SF
Property subtype OFFICE
Lease Type SF/yr

Space & Availability

Available Space 39,283 SF
Contiguous Space 39,283 SF
Space Use Creative Office
Sublease Yes
Available From Immediate
Meeting Rooms 8
Capacity 253 people
Furnished Yes
Listing Agency: JLL | Phoenix
Listed By: Kyle Seeger · License #SA652206000
Source: Moodyscre
Added: Apr 12, 2024 Changed: Jul 29 Last Checked: Jul 30 at 12:57PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL | Phoenix

Investment Insights

Based on property information with market context.

Creative office sublease available now, offering 39,283 RSF of creative work space. The space includes furnishings and equipment (FFE included) to support immediate occupancy. Layout supports 253 combined workstations, with 10 combined office/huddle spaces, plus 8 combined conference rooms for team collaboration and meetings.

The property is located at 40 N Central Ave in Phoenix, AZ 85004, providing a central workplace option for teams seeking a move-in ready creative office configuration.

This sublease setup is designed to accommodate day-to-day work across multiple workstation areas while maintaining dedicated small-group and conference room spaces for internal coordination.

Key Highlights

  • 39,283 RSF creative office sublease available now
  • FFE included
  • 253 combined workstations

Property Analytics

Current Use

Plumbing Masters Plumbing Service Van Kirk Jennifer Law Firm Golden EHS Consulting Consultant Ihs Clinical Support ... Dental Office Jon M. Martinez Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Veterinary Clinic Adult Day Care Restaurant

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
$4.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,685
Businesses Nearby

Demographics for 85004, AZ

8,833
Population
6,455
Households
1.4
Avg Household Size
32
Median Age
59%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
4,206
Density / Sq Mi
$71,250
Median Household Income
$46,376
Median Earnings
$1,759
Median Rent
$365,500
Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$12.26 /SF/Yr
Avg Asking Price
$2.72–$30.25 /SF/Yr
Price Range
5,794 SF
Avg Space Size

This space is priced 120% above the average of $12.26 /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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Creative space - Creative office sublease available now with FFE included and dedicated huddle, office, and conference space.
Where is this creative space located?
The property is located at 40 N Central Ave Phoenix, AZ.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: 39,283 RSF creative office sublease available now; FFE included; 253 combined workstations
(602) 282-6342 Call to check price and availability
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