Most listings are in the $20's per square foot per year. The Encanto submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Encanto region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 201 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the office spaces in the Encanto are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,480 sqft. Most buildings in this market are around 3 floors. Most buildings in this region were built in 1980 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. Commute by motorcycle is the most popular way to get to work amongst Encanto residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.