On average, listings lease in the $20's per square foot per year. The Arizona submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
In the last 90 days, 19367 listings have been listed, so you'll want to check back regularly for new listings. About 7% of the available leases in the Arizona are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,810 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1989 and are Class B.
Real time and historical data on commercial real estate listings in Arizona.
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