The typical asking rate per listing is in the $20's per square foot per year. The Siete Square region is seeing a a rise in rates. In the last 3 months, the median rate increased $25 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Siete Square region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 4 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 75% of the available leases in the Siete Square 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,310 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this area were built in 1986 and are Class B.
Health care is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Siete Square folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.