Most listings are in the $10's per square foot per year. The Indian Bend submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 43% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Indian Bend submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 16 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 63% of the office spaces in the Indian Bend 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,810 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this area were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Indian Bend occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.