On average, listings lease in the $30's per square foot per year. The North Gateway region is seeing a a boost in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 44% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the North Gateway region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 13 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 31% of the office spaces in the North Gateway are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,900 sqft. Most buildings in this region are close to 1 stories. Most buildings in this region were built in 2007 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst North Gateway folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.