Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Tempe region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 16 listings have been posted online, 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,500 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 8 floors. Most buildings in this area were built in 1993 and are Class B.
Information is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Tempe folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.