On average, listings lease in the $10's per square foot per year. The Deer Valley region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Deer Valley submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 24 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the available space in the Deer Valley are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 7,420 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this market 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 area. Commute by car is the most popular way to get to work amongst Deer Valley residents. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.