The typical asking rate per listing is in the $20's per square foot per year. The Booker T. Washington region is experiencing a a boost in rates. In the last 3 months, the median rate rose $29 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Booker T. Washington region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 23 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 4% of the office spaces in the Booker T. Washington 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,810 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Booker T. Washington residents. Commuting close to 20 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 Booker T. Washington.
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