Compared to the rest of the Phoenix Metropolitan Area market, the Monterey Arcadia submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 19 listings have come on the market, which means new listings 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 3,960 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 1983 and are Class C.
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 market. Most of the occupants of Monterey Arcadia work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.