On average, listings lease in the $30's per square foot per year. The West Cactus region is going through a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the West Cactus submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,710 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst West Cactus occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.