The typical asking rate per listing is in the $20's per square foot per year. The Sonoran region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 20% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Sonoran region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 41 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the listings in the Sonoran are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,020 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 2005 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Sonoran folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.