On average, listings lease in the $30's per square foot per year. The Airpark submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 26% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Airpark submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 62 listings have been listed, so you'll want to check back regularly for new listings. About 58% of the office spaces in the Airpark 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 2,780 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1999 and are Class B.
Education is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Airpark folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.