The typical asking rate per listing is in the $20's per square foot per year. The Lake Biltmore Village submarket is going through a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Lake Biltmore Village region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 86 listings have been listed, so you'll want to check back regularly for new listings. About 43% of the available leases in the Lake Biltmore Village 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,250 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Lake Biltmore Village occupants. Commuting around 10 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 Lake Biltmore Village.
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