The typical asking rate per listing is in the $20's per square foot per year. The South Mountain submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the South Mountain region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 35 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 11,730 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 2000 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst South Mountain folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.