On average, listings lease in the $20's per square foot per year. The Palm Valley region is going through a an increase in rates. In the last 3 months, the median rate increased $10 per sqft per year. That's a 69% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Palm Valley region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 4 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 25% of the office spaces in the Palm Valley 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,850 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this area 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 folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.