The typical asking rate per listing is in the $30's per square foot per year. The Sonoran submarket is seeing 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 Sonoran region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 18 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available space in the Sonoran are subleases, so you will probably have to consider a longer term 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 3,300 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this region were built in 2006 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Sonoran residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.