On average, listings lease in the $30's per square foot per year. The Sonoran submarket is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Sonoran region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 34 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 59% of the listings in the Sonoran are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,960 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this region were built in 2005 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.