On average, listings lease in the $20's per square foot per year. The Resort Corridor region is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Resort Corridor submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 20 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the available leases in the Resort Corridor 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,370 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this area were built in 1987 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Most of the occupants of Resort Corridor 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.