The typical asking rate per listing is in the $20's per square foot per year. The Palm Acres submarket is going through a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 19% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Palm Acres region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 0 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the available space in the Palm Acres 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,490 sqft. Most buildings in this area are close to 2 stories. Most buildings in this area were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst Palm Acres folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.