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Most commerial real estate listings for lease are in the $10's per square foot per year. The Fairway Park region is experiencing a an increase in rates. In the last 3 months, the median rate for lease rose $3 per sqft per year. That's a 17% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area commercial real estate market, the Fairway Park submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 16 commercial real estate listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 300 sqft. Most buildings in this market were built approximately 1979 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Fairway Park folk. Commuting under 5 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 Fairway Park.
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