Most listings are in the $20's per square foot per year. The Grayhawk region is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Grayhawk submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 8 listings have been listed, which means new listings might be 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 3,400 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 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 area. 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.