Most listings are in the $30's per square foot per year. The Resort Corridor submarket is going through a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Resort Corridor 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, 5 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,320 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this region were built in 1989 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the folk of Resort Corridor 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.