Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Tempe region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 7 listings have been posted online, which means spaces are probably leasing quickly. 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 15,710 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 8 floors. Most buildings in this market were built in 1991 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 residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.