Most listings are in the $30's per square foot per year. The Fashion Square submarket is going through a a boost in rates. In the last 3 months, the median rate rose $38 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Fashion Square region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 250% of the office spaces in the Fashion Square are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,340 sqft. Most buildings in this area are close to 5 stories. Most buildings in this area were built in 1987 and are Class A.
This market is fairly equally mixed residential and commercial. Utilities is the dominant industry in this region. Most of the occupants of Fashion Square work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.