Compared to the rest of the Phoenix Metropolitan Area market, the Wellington Place submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 28 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 29% of the available space in the Wellington Place 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 2,940 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 15 floors. Most buildings in this market were built in 1985 and are Class B.
Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Wellington Place residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.