Compared to the rest of the Phoenix Metropolitan Area market, the Waterfront submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1 listings have come on the market, which means spaces most likley are 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 4,710 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this market were built in 2006 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Most of the occupants of Waterfront work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.