On average, listings lease in the $30's per square foot per year. The Monterey Arcadia region is going through a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Monterey Arcadia region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 11 listings have been made available, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,590 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1983 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. Most of the occupants of Monterey Arcadia work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.