Compared to the rest of the Phoenix Metropolitan Area market, the Fashion Square submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 6 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases in the Fashion Square 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.
The standard measurement for office space in this area is around 810 sqft. Most properties in this area are close to 5 floors. Most buildings in this region were built in 1987 and are Class B.
This region 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.