Most listings are in the $20's per square foot per year. The Central City region is going through a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 24% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Central City submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 22 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 3 stories. Most buildings in this area were built in 1972 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Central City residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.