The typical asking rate per listing is in the $30's per square foot per year. The Wellington Place submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Wellington Place region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 36 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,159 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 15 stories. 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 occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.