The typical asking rate per listing is in the $20's per square foot per year. The Booker T. Washington region is experiencing a a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year. That's a 116% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Booker T. Washington submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,630 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 1 floors. Most buildings in this region were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Booker T. Washington residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.