On average, listings lease in the $10's per square foot per year. The Cactus submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Cactus submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 6 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 117% of the listings 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 3,450 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this region 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 market. Most of the occupants 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.