On average, listings lease in the $30's per square foot per year. The Airpark submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Airpark region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 40 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available leases in the Airpark are subleases, so you will probably have to focus your search on direct office leases. 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 3,020 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 1999 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 folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.