Most listings are in the $30's per square foot per year. The Central City submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $14 per sqft per year. That's a 75% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Central City region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 76 listings have been posted online, so you'll want to check back regularly for new listings. 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 3,320 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this area 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 region. Commute by walking is the most popular way to get to work amongst Central City folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.