Most listings are in the $20's per square foot per year. The Central City submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 19% decline 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 region.
In the last 90 days, 59 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the office spaces in the Central City are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,230 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 3 stories. Most buildings in this market 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 folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.