On average, listings lease in the $20's per square foot per year. The South Mountain region is experiencing a a boost in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 47% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the South Mountain submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 19 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 153% of the office spaces in the South Mountain 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 17,990 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this area were built in 1996 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst South Mountain folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.