On average, listings lease in the $30's per square foot per year. The Maryvale submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $17 per sqft per year. That's a 104% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Maryvale region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 138% of the available leases in the Maryvale 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,580 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 1 floors. Most buildings in this area were built in 2003 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 region. Commute by car is the most popular way to get to work amongst Maryvale occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.