On average, listings lease in the $30's per square foot per year. The Palm Valley submarket is going through a a rise in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 40% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Palm Valley submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been made available, which means new availabilities 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 3,580 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 2006 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Palm Valley occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.