The typical asking rate per listing is in the $20's per square foot per year. The Falcon Field submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 42% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Falcon Field submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 13 listings have come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 54% of the listings in the Falcon Field 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 available, so finding a space for a small business might be tough.
Even though the median size is 5,960 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 1 stories. Most buildings in this region were built in 2005 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Falcon Field residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.