The typical asking rate per listing is in the $40's per square foot per year. The Airpark submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 29% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Airpark submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 62 listings have been posted online, so you'll want to check back regularly for new listings. About 60% of the available leases in the Airpark 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 3,120 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1999 and are Class B.
Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Airpark occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.