On average, listings lease in the $30's per square foot per year. The Fashion Square submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $40 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Fashion Square submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 8 listings have been made available, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,050 sqft. Most buildings in this area are approximately 5 floors. Most buildings in this region were built in 1987 and are Class B.
This area is fairly equally mixed residential and commercial. Utilities is the dominant industry in this region. Most of the occupants of Fashion Square work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.