The typical asking rate per listing is in the $20's per square foot per year. The Monterey Arcadia submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Monterey Arcadia submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 22 listings have been made available, which means spaces 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,900 sqft. Most buildings in this area are around 2 floors. 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 region. Most of the occupants of Monterey Arcadia work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.