Commercial Real Estate Market in Cave Creek, AZ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
92 active listings and 803 off-market properties in Cave Creek, AZ. Commercial property asks $6/SF to buy and $23.00/SF/Yr to lease.
Market Trends
Cave Creek, AZ spans 131.1 square miles in Maricopa County, Arizona. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Cave Creek, AZ runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Cave Creek, AZ runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Cave Creek, AZ runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Cave Creek, AZ runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Market overview
Demographics & Economy
Cave Creek, AZ has 31,038 residents in 13,680 households. Density runs 237 people per square mile. Median household income here is $123,710 and median gross rent $2,535 a month.
31,038
Population
13,680
Households
2.3
Avg Household Size
51
Median Age
53%
College-Educated
99%
High-School Grad
131.1 sq mi
ZIP Area
237
Density / Sq Mi
$123,710
Median Household Income
$61,542
Median Earnings
$2,535
Median Rent
$674,400
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Cave Creek?
Commercial property in Cave Creek, AZ asks an average of $6 per square foot. The 5 most recent recorded sales traded at a median of $19/SF.
How much does it cost to lease commercial space in Cave Creek?
Asking lease rates in Cave Creek, AZ average $23.00 per square foot per year.
Where does Realmo's Cave Creek market data come from?
Realmo compiles Cave Creek, AZ figures from 5 recent recorded sales, 81 active sale listings, 11 active lease listings, 803 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 81 active for-sale and 11 active for-lease listings in Cave Creek, AZ. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
