Most listings are in the $30's per square foot per year. The Sonoran submarket is going through a a boost in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 24% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Sonoran submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 35 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available space 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 available, so finding a space for a small business might be tough.
Even though the median size is 6,820 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 2006 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 market. Commute by public transit is the most popular way to get to work amongst Sonoran residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.