On average, listings lease in the $30's per square foot per year. The Desert Ridge region is experiencing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Desert Ridge submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 6 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the available leases in the Desert Ridge 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,120 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 4 floors. Most buildings in this area were built in 2006 and are Class A.
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 market. Commute by public transit is the most popular way to get to work amongst Desert Ridge folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.