Falcon Field Industrial

Falcon Field

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Falcon Field Rates

On average, listings lease in the $20's per square foot per year. The Falcon Field submarket is going through a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 27% rise in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Falcon Field submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Falcon Field Listing Supply

In the last 90 days, 25 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 4% of the listings in the Falcon Field are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,800 sqft. Most buildings in this region are close to 1 floors. Most buildings in this region were built in 2005 and are Class B.

Falcon Field Community

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 close to an hour a day is the norm for those who opt to reside in this part of town.