On average, listings lease in the $10's per square foot per year. The Royal Willetta region is seeing a a rise in rates. In the last 3 months, the median rate increased $17 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Royal Willetta submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 1 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,340 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Royal Willetta folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.