On average, listings lease in the $40's per square foot per year. The Pinnacle Peak Vistas region is experiencing a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Pinnacle Peak Vistas submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 9 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 56% of the office spaces in the Pinnacle Peak Vistas are subleases, so you might be able to find a shorter term or below market rent. 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 370 sqft.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Most of the residents of Pinnacle Peak Vistas work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.