The typical asking rate per listing is in the $40's per square foot per year. The El Dorado Square region is experiencing a an increase in rates. In the last 3 months, the median rate rose $44 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the El Dorado Square region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 100% of the available space in the El Dorado Square 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 430 sqft. Most buildings in this market were built in 1984 and are Class B.
This market is fairly equally mixed residential and commercial. Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst El Dorado Square residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.