On average, listings lease in the $30's per square foot per year. The South Valley submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% rise in rent.
In the last 90 days, 335 listings have been made available, so you'll want to check back regularly for new listings. About 1% of the office spaces in the South Valley are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,240 sqft. Most buildings in this market are close to 3 floors. Most buildings in this area were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst South Valley occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.