Most listings are in the $50's per square foot per year. The Val Vista Lakes region is experiencing a decrease in rates. In the last 3 months, the median rate fell $18 per sqft per year. That's a 25% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Val Vista Lakes region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means leases 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 90 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 region. Commute by public transit is the most popular way to get to work amongst Val Vista Lakes folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.