On average, listings lease in the $10's per square foot per year. The Phoenix Homesteads region is seeing a an increase in rates. In the last 3 months, the median rate increased $16 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Phoenix Homesteads submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 6 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 117% of the available leases in the Phoenix Homesteads 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 2,650 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Most of the residents of Phoenix Homesteads work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.