The typical asking rate per listing is in the $10's per square foot per year. The Reed Park submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Reed Park submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 1 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,950 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1986 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Most of the folk of Reed Park work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.