The typical asking rate per listing is in the $20's per square foot per year. The Palm Acres submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 12% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Palm Acres region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 0 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces in the Palm Acres are subleases, so you might be able to snag a great spot on a short term. 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 1,490 sqft. Most properties in this market are approximately 2 stories. Most buildings in this area 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 region. Commute by public transit is the most popular way to get to work amongst Palm Acres occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.