On average, listings lease in the $10's per square foot per year. The Falcon Field region is experiencing a a rise in rates. In the last 3 months, the median rate went up $16 per sqft per year.
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 undervalued region.
In the last 90 days, 13 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 123% of the available space in the Falcon Field are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,890 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this region 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 market. Commute by walking is the most popular way to get to work amongst Falcon Field residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.