The typical asking rate per listing is in the $30's per square foot per year. The North Gateway submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 44% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the North Gateway region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 13 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 31% of the available space in the North Gateway are subleases, so you might be able to find a shorter term or below market rent. 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 1,900 sqft. Most properties in this area are close to 1 floors. Most buildings in this market were built in 2007 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst North Gateway folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.