On average, listings lease in the $20's per square foot per year. The Los Olivos submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 34% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Los Olivos submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 5 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. 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 6,100 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 3 stories. Most buildings in this region were built in 1984 and are Class B.