Most listings are in the $10's per square foot per year. The Lake Biltmore Village region is seeing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Lake Biltmore Village region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 86 listings have come on the market, so you'll want to check back regularly for new listings. About 34% of the listings in the Lake Biltmore Village are subleases, so you might be able to snag a great spot on a short term. 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 1,080 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market 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. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Lake Biltmore Village folk. Commuting approximately 10 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 Lake Biltmore Village.
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