The typical asking rate per listing is in the $30's per square foot per year. The Encanto submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $30 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Encanto submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 119 listings have been listed, so you'll want to check back regularly for new listings. About 45% of the available leases in the Encanto are subleases, so you might be able to find a shorter term or below market rent. 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 2,910 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this region were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Encanto occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.