On average, listings lease in the $30's per square foot per year. The Airpark submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 24% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Airpark submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 62 listings have been posted online, so you'll want to check back regularly for new listings. About 55% of the available space in the Airpark 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,720 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1998 and are Class B.
Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Airpark occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.