The typical asking rate per listing is in the $10's per square foot per year. The Meredith Square submarket is going through a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 40% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Meredith Square region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 2 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this area were built in 1974 and are Class C.
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 market. Most of the occupants of Meredith Square work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.