The typical asking rate per listing is in the $30's per square foot per year. The West Cactus region is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the West Cactus submarket has more expensive 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 listed, which means listings might be 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 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 840 sqft. Most properties in this area are close to 2 stories. Most buildings in this region were built in 1990 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 market. 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.