The typical asking rate per listing is in the $30's per square foot per year. The Biltmore Lakes Condominiums submarket is going through a a rise in rates. In the last 3 months, the median rate went up $32 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Biltmore Lakes Condominiums region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 1 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the listings in the Biltmore Lakes Condominiums are subleases, so you might be able to find a shorter term or below market rent. 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 1,460 sqft. Most properties in this area are close to 3 stories. Most buildings in this market were built in 1981 and are Class B.
This market is fairly equally mixed residential and commercial. Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Biltmore Lakes Condominiums residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.