The typical asking rate per listing is in the $10's per square foot per year. The Reed Park submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 12% decline 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 undervalued region.
In the last 90 days, 1 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,950 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this market 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 occupants 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.