Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Tempe submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 20 listings have been listed, which means office spaces most likley are 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 2,640 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 8 stories. Most buildings in this area were built in 1993 and are Class B.
Information is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Tempe folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.