Falcon Field Retail

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Falcon Field

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,800
As of: December 7, 2016

Falcon Field Rates

Most listings are in the $10's per square foot per year. The Falcon Field region is experiencing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 37% decrease in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Falcon Field region has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Falcon Field Listing Supply

In the last 90 days, 10 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 10% of the available leases in the Falcon Field are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,800 sqft. Most properties in this region are close to 2 floors. Most buildings in this region were built in 2005 and are Class B.

Falcon Field Community

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 market. Commute by walking is the most popular way to get to work amongst Falcon Field folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Falcon Field.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Falcon Field.
Research