Most listings are in the $30's per square foot per year. The Encanto region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Encanto submarket has greater 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 made available, so you'll want to check back regularly for new listings. About 99% of the office spaces 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 2,330 sqft. Most buildings in this market are close to 3 floors. Most buildings in this area 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 area. 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.