The typical asking rate per listing is in the $30's per square foot per year. The Biltmore Lakes Condominiums submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $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 pay a premium to be in this hot submarket.
In the last 90 days, 1 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available space in the Biltmore Lakes Condominiums are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 region are close to 3 floors. Most buildings in this region were built in 1981 and are Class B.
This region is fairly equally mixed residential and commercial. Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Biltmore Lakes Condominiums occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.