Compared to the rest of the Phoenix Metropolitan Area market, the Wellington Place submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 28 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 29% of the available leases in the Wellington Place are subleases, so you might be able to find a shorter term or below market rent. 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 2,940 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 15 floors. Most buildings in this market were built in 1985 and are Class B.
Health care is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Wellington Place occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.