Most listings are in the $30's per square foot per year. The Grayhawk region is seeing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Grayhawk submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have been made available, which means spaces most likley are 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 2,600 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 1 floors. 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. Utilities is the dominant industry in this market. Most of the occupants of Grayhawk work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.