The typical asking rate per listing is in the $20's per square foot per year. The Monterey Arcadia region is experiencing a decline in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 30% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Monterey Arcadia submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 12 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,570 sqft. Most buildings in this area are around 1 floors. Most buildings in this area were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the occupants of Monterey Arcadia work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.