The typical asking rate per listing is in the $30's per square foot per year. The Palm Acres submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $30 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Palm Acres submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 0 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About Inf% of the listings in the Palm Acres are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,880 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 2 floors. 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.