Most listings are in the $20's per square foot per year. The Central City region is experiencing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 19% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Central City submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 58 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the available space in the Central City are subleases, so you will probably have to consider a longer term lease. 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 3,230 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this area were built in 1972 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Central City folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.