On average, listings lease in the $30's per square foot per year. The Palm Valley region is going through a a rise in rates. In the last 3 months, the median rate rose $37 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Palm Valley region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available space in the Palm Valley 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,590 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 2006 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Palm Valley residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.