The typical asking rate per listing is in the $20's per square foot per year. The Willo submarket is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Willo region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available leases in the Willo 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,090 sqft. Most buildings in this region are approximately 24 stories. Most buildings in this region were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Willo residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.