On average, listings lease in the $30's per square foot per year. The Deer Valley region is experiencing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 29% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Deer Valley region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 24 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 4% of the available space in the Deer Valley are subleases, so you will probably have to focus your search on direct office leases. 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 7,780 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this area 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 area. Commute by car is the most popular way to get to work amongst Deer Valley residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.