Most listings are in the $40's per square foot per year. The Downtown Phoenix region is experiencing a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Phoenix submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have come on the market, which means listings most likley are 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 11,460 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 18 floors. Most buildings in this area were built in 1965 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Phoenix folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.