The typical asking rate per listing is in the $30's per square foot per year. The Willo submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Willo submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 3 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the listings in the Willo 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 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 1,090 sqft. Most properties in this market are approximately 24 floors. Most buildings in this area were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Willo residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.