The typical asking rate per listing is in the $20's per square foot per year. The Falcon Field submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Falcon Field submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 30 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the office spaces 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.
The standard measurement for office space in this area is around 1,800 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region 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 close to an hour a day is the norm for those who opt to reside in this part of town.