The typical asking rate per listing is in the $30's per square foot per year. The Spectrum at Val Vista submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $12 per sqft per year. That's a 47% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Spectrum at Val Vista region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have come on the market, which means office spaces might be leasing quickly. 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 3,500 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area were built in 2006 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Most of the folk of Spectrum at Val Vista work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.