The typical asking rate per listing is in the $20's per square foot per year. The Thomas Place submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 27% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Thomas Place region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 4 listings have been listed, 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,100 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this area were built in 1984 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Thomas Place occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.