On average, listings lease in the $80's per square foot per year. The Deer Valley region is seeing a a boost in rates. In the last 3 months, the median rate increased $63 per sqft per year. That's a 266% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Deer Valley submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 453 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available leases in the Deer Valley are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 120 sqft. Most buildings in this region are approximately 1 floors. 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 folk. 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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