The typical asking rate per listing is in the $20's per square foot per year. The Grayhawk region is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Grayhawk submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 10 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 1 floors. Most buildings in this area 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. Utilities is the dominant industry in this region. Most of the residents of Grayhawk work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.