The typical asking rate per listing is in the $20's per square foot per year. The Cactus region is experiencing a a rise in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Cactus region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 74 listings have come on the market, so you'll want to check back regularly for new listings. About 12% of the available leases in the Cactus 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.
Even though the median size is 2,530 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 1 stories. Most buildings in this area were built in 1981 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Most of the residents of Cactus work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Cactus.
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