On average, listings lease in the $20's per square foot per year. The Maryvale region is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Maryvale submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 18 listings have been posted online, which means office spaces are probably 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.
Even though the median size is 4,230 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 1 stories. Most buildings in this area were built in 2004 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Maryvale folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.