On average, listings lease in the $10's per square foot per year. The Falcon Field submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 37% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Falcon Field region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 9 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 1,840 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region 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 area. Commute by walking is the most popular way to get to work amongst Falcon Field occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.