The typical asking rate per listing is in the $30's per square foot per year. The Biltmore Lakes Condominiums submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $32 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Biltmore Lakes Condominiums region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the listings in the Biltmore Lakes Condominiums are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,460 sqft. Most buildings in this region are around 3 stories. Most buildings in this market were built in 1981 and are Class B.
This region is fairly equally mixed residential and commercial. Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Biltmore Lakes Condominiums occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.