On average, listings lease in the $10's per square foot per year. The Falcon Field region is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 14% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Falcon Field region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 13 listings have been listed, which means leases might be going fast. You'll want to be prepared to make an offer immediately. About 8% of the available leases in the Falcon Field are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,890 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 2005 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 folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.