On average, listings lease in the $30's per square foot per year. The Camelback East submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Camelback East submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 127 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Camelback East are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,130 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Camelback East residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.