On average, listings lease in the $20's per square foot per year. The Via Linda Corridor submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 36% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Via Linda Corridor region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 19 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,780 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1999 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Via Linda Corridor folk. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.