The typical asking rate per listing is in the $10's per square foot per year. The Village at Sonoran Canyon Condominiums submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 33% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Village at Sonoran Canyon Condominiums submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 3 listings have been listed, which means spaces 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.
The standard measurement for office space in this area is around 2,230 sqft. Most buildings in this market were built in 2007 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Village at Sonoran Canyon Condominiums residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.