The typical asking rate per listing is in the $30's per square foot per year. The Palm Valley submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $37 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Palm Valley region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 27 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,590 sqft. Most properties in this area are close to 1 stories. Most buildings in this market were built in 2006 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Palm Valley residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Palm Valley.
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