Most listings are in the $30's per square foot per year. The Encanto submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 0% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Encanto submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1394 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the available leases in the Encanto 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.
The standard measurement for office space in this area is around 1,970 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this area 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 approximately 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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