On average, listings lease in the $20's per square foot per year. The Falcon Field region is seeing a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 27% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Falcon Field submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 24 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 4% of the listings in the Falcon Field are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,800 sqft. Most properties in this market are approximately 1 stories. Most buildings in this area were built in 2005 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Falcon Field folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.