Most listings are in the $20's per square foot per year. The Grove at Black Canyon region is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Grove at Black Canyon region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 11 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 18% of the available leases in the Grove at Black Canyon are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 14,730 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 4 stories. Most buildings in this market were built in 1998 and are Class A.
This market is fairly equally mixed residential and commercial. Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Grove at Black Canyon folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.