The typical asking rate per listing is in the $20's per square foot per year. The Peoria region is going through a decline in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 41% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Peoria region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 276 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available leases in the Peoria are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,110 sqft. Most properties in this area are around 1 floors. Most buildings in this market were built in 2006 and are Class B.
Real time and historical data on commercial real estate listings in Peoria.
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