Most listings are in the $10's per square foot per year. The Val Vista Lakes submarket is going through a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 36% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Val Vista Lakes region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 43 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the listings in the Val Vista Lakes are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,250 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region were built in 2003 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Val Vista Lakes residents. Commuting close to an hour and a half 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 Val Vista Lakes.
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