Most listings are in the $10's per square foot per year. The Lake Biltmore Village submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Lake Biltmore Village submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 52 listings have come on the market, so you'll want to check back regularly for new listings. 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 950 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Lake Biltmore Village occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.