The typical asking rate per listing is in the $20's per square foot per year. The Deer Valley submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Deer Valley region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 32 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available space in the Deer Valley are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,310 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this area were built in 2001 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 market. Commute by car is the most popular way to get to work amongst Deer Valley residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.