Camelback Road among the most expensive streets in America

A $75 million office-hotel project at 28th Street and Camelback Road known as Camelback Collective is currently under construction within the Camelback Corridor submarket. /Photo courtesy of Camelback Collective/AZRE

AZRE

Just how much will companies pay to occupy one of America’s most desired office addresses? According to JLL’s 2017 Most Expensive Streets study, which looks at priciest U.S. office space, those high-profile strips command an average asking rent of $48.65 per-square-foot, a 46.9 percent premium compared to the rest of the country. In Phoenix, Camelback Road (within the Camelback Corridor submarket) commands an average asking rent of $36.65 per-square-foot, a 44.9 percent premium compared with the rest of the market.

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February 2018
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