Compared to the rest of the Phoenix Metropolitan Area market, the Phoenix Homesteads submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 6 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the listings in the Phoenix Homesteads are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,650 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1985 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 market. Most of the occupants of Phoenix Homesteads work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.