The typical asking rate per listing is in the $30's per square foot per year. The Encanto submarket is going through a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 14% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Encanto region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 119 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available leases in the Encanto are subleases, so you will probably have to consider a longer term lease. 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 3,060 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 3 stories. Most buildings in this market were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Encanto occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.