Most listings are in the $30's per square foot per year. The Fashion Square region is experiencing a a boost in rates. In the last 3 months, the median rate increased $38 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Fashion Square submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 250% of the listings in the Fashion Square are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,340 sqft. Most buildings in this region are approximately 5 stories. Most buildings in this market were built in 1987 and are Class A.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this market. Most of the residents of Fashion Square work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.