The typical asking rate per listing is in the $20's per square foot per year. The Monterey Arcadia region is seeing a decline in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 30% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Monterey Arcadia submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 12 listings have been listed, 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 1,570 sqft. Most buildings in this market are close to 1 stories. Most buildings in this market were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Most of the residents of Monterey Arcadia work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.