On average, listings lease in the $20's per square foot per year. The Grove at Black Canyon submarket is going through a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Grove at Black Canyon region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 11 listings have been listed, which means new availabilities 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 2,110 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this region were built in 1998 and are Class A.
This area is fairly equally mixed residential and commercial. Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Grove at Black Canyon occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.