On average, listings lease in the $10's per square foot per year. The Cactus submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $17 per sqft per year.
Compared to the rest of the Phoenix Metropolitan Area market, the Cactus submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 6 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 117% of the available leases in the Cactus 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,320 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 1 stories. Most buildings in this market were built in 1985 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.