Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Phoenix region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 225% of the office spaces in the Downtown Phoenix are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,660 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 14 stories. Most buildings in this market were built in 1965 and are Class A.
This region is fairly equally mixed residential and commercial. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Phoenix residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.