Most listings are in the $30's per square foot per year. The Sonoran submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Sonoran region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 46 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available space in the Sonoran are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,880 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this region were built in 2006 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Sonoran folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.