On average, listings lease in the $40'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 went up $45 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Resort Corridor region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 39 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 23% of the office spaces in the Resort Corridor 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 1,950 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this market 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 residents 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.