On average, listings lease in the $10's per square foot per year. The Palo Verde region is experiencing a an increase in rates. In the last 3 months, the median rate rose $20 per sqft per year.
Compared to the rest of the Tucson Metropolitan Area market, the Palo Verde submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 0 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the available space in the Palo Verde 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,130 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1996 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by bike is the most popular way to get to work amongst Palo Verde folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.