Compared to the rest of the Phoenix Metropolitan Area market, the Central City submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 37 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the available space in the Central City are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,200 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this market were built in 1972 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Central City occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.