The typical asking rate per listing is in the $10's per square foot per year. The Deer Valley region is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 15% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Deer Valley submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 33 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the listings in the Deer Valley 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,990 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 2001 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Deer Valley occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.