On average, listings lease in the $20's per square foot per year. The North Gateway submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $21 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the North Gateway submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 13 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 62% 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 2,230 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this area 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 market. Commute by car is the most popular way to get to work amongst North Gateway folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.