On average, listings lease in the $20's per square foot per year. The Falcon Field submarket is going through a a rise in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 58% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Falcon Field region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 12 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,130 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this market were built in 2004 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 area. Commute by walking is the most popular way to get to work amongst Falcon Field folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.