Most listings are in the $20's per square foot per year. The Encanto submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Encanto region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 228 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available leases in the Encanto are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,480 sqft. Most properties in this market are approximately 3 floors. Most buildings in this region were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Encanto folk. Commuting around an hour a day is the norm for those who opt to reside in this part of town.