Compared to the rest of the Phoenix Metropolitan Area market, the Lorraine Place region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 3 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 5,370 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this market were built in 1986.
Public administration is the dominant industry in this area. Most of the folk of Lorraine Place work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.