On average, listings lease in the $20's per square foot per year. The Lou Mar Vista submarket is going through a an increase in rates. In the last 3 months, the median rate went up $27 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Lou Mar Vista region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1 listings have been listed, which means new availabilities might be going fast. 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.
The standard measurement for office space in this area is around 1,840 sqft. Most buildings in this market are close to 2 floors. Most buildings in this region were built in 1956 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Lou Mar Vista occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.