Lake Biltmore Village Sublease

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Lake Biltmore Village

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,160
As of: December 2, 2016

Lake Biltmore Village Rates

The typical asking rate per listing is in the $20's per square foot per year. The Lake Biltmore Village region is going through a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% rise in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Lake Biltmore Village submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.

Lake Biltmore Village Listing Supply

In the last 90 days, 34 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,160 sqft. Most buildings in this region are around 2 stories. Most buildings in this market were built in 1980 and are Class B.

Lake Biltmore Village Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Lake Biltmore Village folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Lake Biltmore Village.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Lake Biltmore Village.
Research