Compared to the rest of the Phoenix Metropolitan Area market, the Fashion Square submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 6 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the available space in the Fashion Square 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 810 sqft. Most properties in this area are close to 5 stories. Most buildings in this region were built in 1987 and are Class B.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this area. Most of the residents of Fashion Square work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.