The typical asking rate per listing is in the $10's per square foot per year. The Booker T. Washington region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 45% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Booker T. Washington region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 2 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,660 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this market were built in 1982 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 area. Commute by public transit is the most popular way to get to work amongst Booker T. Washington residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.