The typical asking rate per listing is in the $20's per square foot per year. The Tempe submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Tempe submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 104 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the listings in the Tempe are subleases, so you will probably have to consider a longer term lease. 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 2,640 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market were built in 1990 and are Class B.