The typical asking rate per listing is in the $30's per square foot per year. The Indian Bend region is seeing a a rise in rates. In the last 3 months, the median rate increased $13 per sqft per year. That's a 48% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Indian Bend submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 131 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the listings in the Indian Bend 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 9,590 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Indian Bend residents. 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 Indian Bend.
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