On average, listings lease in the $30's per square foot per year. The Spectrum at Val Vista submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 24% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Spectrum at Val Vista region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been posted online, which means new listings 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 3,500 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region were built in 2006 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Most of the occupants of Spectrum at Val Vista work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.