Listing Agency: Transwestern | Phoenix s***@cbre.com Show Phone

Listed By: Scott Baumgarten Show Phone

Source: Cbre

Added: Aug 19 Changed: Aug 20 Last Checked: Aug 20 at 5:00AM

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Investment Insights

Based on property information with market context.

Office units totaling 76,320 square feet are available for lease at 50 West Van Buren Street in Phoenix, Arizona 85003.

Key Highlights

• 76,320 square feet of office space
• 50 West Van Buren Street address in Phoenix, AZ 85003

Property Analytics

Current Use

Office Units

Suggested Use

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

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

5,663

Businesses Nearby

Explore this area Business Placement

Demographics for 85003, AZ

11,042

Population

6,117

Households

1.8

Avg Household Size

37

Median Age

45%

College-Educated

87%

High-School Grad

1.9 sq mi

ZIP Area

5,812

Density / Sq Mi

$56,672

Median Household Income

$55,122

Median Earnings

$1,258

Median Rent

$577,700

Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$18.83 /SF/Yr

Avg Asking Price

$1.86–$45 /SF/Yr

Price Range

8,467 SF

Avg Space Size

This space is priced 43% above the average of $18.83 /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 units are available for lease.

Where is this office units located?

The property is located at 50 West Van Buren Street Phoenix, AZ.

What is the lease rate?

The lease rate is $27 SF/Yr.

What are key features of this property?

This property features: 76,320 square feet of office space; 50 West Van Buren Street address in Phoenix, AZ 85003