Compared to the rest of the Phoenix Metropolitan Area market, the Central City submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 26 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 173% of the office spaces in the Central City are subleases, so you might be able to snag a great spot on a short term. 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 3,660 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this region were built in 1971 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 region. Commute by walking is the most popular way to get to work amongst Central City residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.