Compared to the rest of the Phoenix Metropolitan Area market, the Central City region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 26 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 146% of the available leases in the Central City 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,040 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 1971 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 region. Commute by walking is the most popular way to get to work amongst Central City folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.