On average, listings lease in the $30's per square foot per year. The Peoria submarket is going through a an increase in rates. In the last 3 months, the median rate rose $13 per sqft per year. That's a 49% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Peoria submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 17 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 24% of the office spaces in the Peoria are subleases, so you might be able to snag a great spot on a short term. 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 10,560 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this area were built in 2005 and are Class B.