On average, listings lease in the $30's per square foot per year. The Encanto submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Encanto submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 182 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the listings in the Encanto are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,430 sqft. Most properties in this region are close to 3 stories. Most buildings in this market 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 market. Commute by motorcycle is the most popular way to get to work amongst Encanto folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.