Most listings are in the $20's per square foot per year. The Central City submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 31% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Central City region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 26 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,870 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 3 floors. Most buildings in this region were built in 1972 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Central City folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.