The typical asking rate per listing is in the $30's per square foot per year. The Camelback East submarket is seeing a decline in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 33% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Camelback East submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 183 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the available leases in the Camelback East are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,680 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by bike is the most popular way to get to work amongst Camelback East residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.