On average, listings lease in the $30's per square foot per year. The Phoenix Gateway region is going through a an increase in rates. In the last 3 months, the median rate went up $38 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Phoenix Gateway region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 17 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 35% of the available space in the Phoenix 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 6,730 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 4 floors. Most buildings in this area were built in 1998 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Phoenix Gateway folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.