The typical asking rate per listing is in the $10's per square foot per year. The Deer Valley region is experiencing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 33% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Deer Valley submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 453 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the listings in the Deer Valley are subleases, so you will probably have to focus your search on direct office leases. 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 730 sqft. Most properties in this market are close to 1 stories. Most buildings in this area were built in 2001 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Deer Valley occupants. Commuting approximately 10 minutes 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 Deer Valley.
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