Most listings are in the $30's per square foot per year. The Encanto region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Encanto submarket has higher 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 posted online, so you'll want to check back regularly for new listings. About 87% of the office spaces in the Encanto are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,260 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area 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 region. 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.