Most listings are in the $20's per square foot per year. The Palm Valley submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 12% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Palm Valley submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 3 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the listings in the Palm Valley are subleases, so you might be able to snag a great spot on a short term. 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 3,850 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 2 floors. 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 region. Commute by car is the most popular way to get to work amongst Palm Valley residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.