Most listings are in the $30's per square foot per year. The Palm Valley submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $12 per sqft per year. That's a 47% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Palm Valley submarket has higher rates, and you'll have to negotiate above asking rent 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 make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,540 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this region 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 market. Commute by car is the most popular way to get to work amongst Palm Valley folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.