On average, listings lease in the $20's per square foot per year. The Copper Square submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 19% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Copper Square submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 20 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 20% of the office spaces in the Copper Square are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,240 sqft. Most properties in this market are approximately 24 stories. Most buildings in this area were built in 1987 and are Class A.
Manufacturing is the dominant industry in this region. Most of the folk of Copper Square work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.