On average, listings lease in the $10's per square foot per year. The Phoenix Homesteads region is experiencing a an increase in rates. In the last 3 months, the median rate went up $16 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Phoenix Homesteads region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 6 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,650 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this area 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 region. Most of the folk 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.