On average, listings lease in the $10's per square foot per year. The Falcon Field region is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Falcon Field submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 125 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the available space in the Falcon Field are subleases, so you will probably have to consider a longer term lease. 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 5,960 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 1 floors. Most buildings in this region were built in 2006 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Falcon Field residents. 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 Falcon Field.
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