The typical asking rate per listing is in the $30's per square foot per year. The Peoria submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 32% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Peoria submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 17 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,110 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 1 floors. Most buildings in this area were built in 2006 and are Class B.