The typical asking rate per listing is in the $20's per square foot per year. The Palm Valley submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 60% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Palm Valley submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 3 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,850 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this area were built in 2003 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 market. Commute by car is the most popular way to get to work amongst Palm Valley folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.