Most listings are in the $20's per square foot per year. The Monterey Arcadia submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Monterey Arcadia region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 22 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 45% of the available leases in the Monterey Arcadia 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,490 sqft. Most properties in this area are around 1 stories. 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 folk of Monterey Arcadia work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.