The typical asking rate per listing is in the $30's per square foot per year. The Airpark submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 26% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Airpark region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 749 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the listings in the Airpark are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,780 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this region were built in 1999 and are Class B.
Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Airpark occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Airpark.
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