On average, listings lease in the $30's per square foot per year. The Alhambra submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $15 per sqft per year. That's a 73% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Alhambra region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 78 listings have come on the market, so you'll want to check back regularly for new listings. About 54% of the office spaces in the Alhambra are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,860 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built in 1975 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Alhambra residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.