The typical asking rate per listing is 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 $9 per sqft per year. That's a 33% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Camelback East submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 163 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available leases in the Camelback East are subleases, so you will probably have to consider a longer term lease. 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 2,910 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this region were built in 1985 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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.