On average, listings lease in the $10's per square foot per year. The Palo Verde region is experiencing a an increase in rates. In the last 3 months, the median rate went up $18 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Tucson Metropolitan Area market, the Palo Verde submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 6 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available space in the Palo Verde are subleases, so you might be able to find a shorter term or below market rent. 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 2,520 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1996 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 region. Commute by bike is the most popular way to get to work amongst Palo Verde occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.