On average, listings lease in the $30's per square foot per year. The Encanto submarket is going through a decline in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 0% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Encanto submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1394 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the available leases in the Encanto are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,220 sqft. Most buildings in this area are around 3 stories. Most buildings in this region 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. Information is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Encanto folk. Commuting around an hour 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 Encanto.
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