On average, listings lease in the $30's per square foot per year. The Sonoran region is experiencing a a rise in rates. In the last 3 months, the median rate went up $36 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Sonoran region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 34 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 38% of the listings in the Sonoran 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.
Even though the median size is 6,180 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 2005 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Sonoran occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.