The typical asking rate per listing is in the $30's per square foot per year. The Resort Corridor submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Resort Corridor submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 39 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available leases in the Resort Corridor are subleases, so you will probably have to consider a longer term 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 1,760 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 1987 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the occupants of Resort Corridor 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.