The typical asking rate per listing is in the $10's per square foot per year. The Val Vista Lakes submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $50 per sqft per year. That's a 78% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Val Vista Lakes region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 4 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available space in the Val Vista Lakes are subleases, so you might be able to snag a great spot on a short term. 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 5,250 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area were built in 2003 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Val Vista Lakes occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.