The typical asking rate per listing is in the $30's per square foot per year. The Wellington Place region is going through a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Wellington Place region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 36 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,159 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 15 stories. Most buildings in this area were built in 1985 and are Class C.
Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Wellington Place residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.