On average, listings lease in the $10's per square foot per year. The Falcon Field region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 33% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Falcon Field submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 7 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,800 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 2005 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Falcon Field occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.