On average, listings lease in the $10's per square foot per year. The Reed Park region is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Reed Park region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 1 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,950 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 1986 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Most of the residents of Reed Park work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.