Most listings are in the $30's per square foot per year. The Encanto region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 0% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Encanto submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 119 listings have come on the market, so you'll want to check back regularly for new listings. About 113% of the available leases in the Encanto are subleases, so you might be able to snag a great spot on a short term. 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 2,280 sqft. Most buildings in this region are around 3 floors. 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 folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.