On average, listings lease in the $10's per square foot per year. The Lake Biltmore Village region is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Lake Biltmore Village region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 57 listings have been made available, so you'll want to check back regularly for new listings. 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 930 sqft. Most buildings in this area are around 2 stories. 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. 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 folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.