Compared to the rest of the Phoenix Metropolitan Area market, the Arts Districts region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 2 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,170 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this area were built in 1985 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 region. Commute by car is the most popular way to get to work amongst Arts Districts occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.