Phoenix, AZ Commercial Real Estate

Phoenix is among the most stable, consistently performing markets in the country, which translates to steady investment and growth of the local commercial real estate scene. The city’s economy has, over time, adapted to include a great variety of industries, from film and digital media to bioscience, manufacturing, and aerospace technology. Sustainability-focused municipal growth has maintained affordability comparatively high, which fuels a steady stream of new talent and entrepreneurship into the Valley of the Sun.

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Research property data and see listing details for 2,296 commercial real estate for lease in Phoenix, encompassing 21,098,957 square feet of space across all building classes and property types. Spaces vary in size from 100 square feet to 1,100,000 square feet, and local rents start at $3 per square foot per year. Out of all the properties with vacancies listed locally, 36 are LEED-certified.

Camelback East, Phoenix
$15.96 - $21.96/Sqft/Year

The Plaza at Squaw Peak II

7600 North 16 Street, Camelback East, Phoenix, AZ 85020
There are 10 Office spaces available for lease at 7600 North 16 Street, Phoenix, AZ, 85020, totaling 66,888 Sqft. The largest space available has 31,006 Sqft and a rental rate of $20.04 - $21/Sqft/Year.
Property
Office
Availability
10 Spaces / 66,888 Sqft
Camelback East, Phoenix
1 Space Available

Arcadia Crossing

4531 East Thomas Road, Camelback East, Phoenix, AZ 85018
Arcadia Crossing - 4531 East Thomas Road is located at 4531 East Thomas Road in the Camelback East neighborhood, AZ, Phoenix, 85018.
Property
Retail
Availability
1 Space / 23,000 Sqft
Camelback East, Phoenix
$17.04 - $18.96/Sqft/Year

Bethany Place

727 East Bethany Home Road, Camelback East, Phoenix, AZ 85014
There are 3 Office spaces available for lease at 6232 North 7 Street, Phoenix, AZ, 85014, totaling 2,800 Sqft. The largest space available has 1,165 Sqft and a rental rate of $14.52/Sqft/Year.
Property
Office
Availability
2 Spaces / 3,415 Sqft
Camelback East, Phoenix
$19.5 - $24/Sqft/Year

Valley Commerce Center

4745 North 7th Street, Camelback East, Phoenix, AZ 85014
There are 6 Office spaces available for lease at 4745 North 7th Street, Phoenix, AZ, 85014, totaling 34,675 Sqft. The largest space available has 13,605 Sqft and a rental rate of $19.5 - $24/Sqft/Year.
Property
Office
Availability
5 Spaces / 21,070 Sqft
Central City, Phoenix
$8.64/Sqft/Year

Lincoln Sky Harbor Center

2050 South 16th Street, Central City, Phoenix, AZ 85034
Lincoln Sky Harbor Center is located at 2050 South 16th Street in the Central City neighborhood, AZ, Phoenix, 85034, and was completed in 2007.
Property
Industrial
Availability
1 Space / 16,532 Sqft
Highland Terrace, Phoenix
$8.28 - $10.56/Sqft/Year

Broadway Commerce Center

4001 East Broadway Road, South Mountain Highland Terrace, Phoenix, AZ 85225
Broadway Commerce Center is located at 4001 East Broadway Road in the South Mountain Highland Terrace neighborhood, AZ, Phoenix, 85225. The Class C Office building was completed in 1987 and features a total of 96,048 Sqft.
Property
Office
Availability
5 Spaces / 20,459 Sqft
North Mountain Village, Phoenix
$7.68/Sqft/Year

Metro Business Park II

11048 North 23rd Drive, North Mountain Village, Phoenix, AZ 85029
Metro Business Park II is located at 11048 North 23rd Drive in the North Mountain Village neighborhood, AZ, Phoenix, 85029.
Property
Industrial
Availability
1 Space / 6,400 Sqft
Camelback East, Phoenix
$27/Sqft/Year

Airport Technology Center - Bldg B

4129 East Van Buren Street, Camelback East, Phoenix, AZ 85034
Floor plates that accommodate large or small users. Sophisticated communication capabilities. E-commerce and .com ready. Building 2 in two building center. Two-Story, Class A Office Building completed in July of 1999.
Property
Office
Availability
3 Spaces / 24,104 Sqft
Downtown Phoenix, Phoenix
$18 - $29.04/Sqft/Year

1 North 1 Street

1 North 1st Street, Downtown Phoenix, Phoenix, AZ 85004
There is 1 Office space available for lease at 1 North 1st Street, Phoenix, AZ, 85004, totaling 17,231 Sqft. The largest space available has 17,231 Sqft and a rental rate of $18 - $29.04/Sqft/Year.
Property
Office
Availability
1 Space / 17,231 Sqft

Phoenix Commercial Real Estate Market Stats

The state capital of Arizona boasts a highly diverse economy, which anchors the sprawling metropolitan area known as the Valley of the Sun. Phoenix is home to a varied mix of businesses operating in sectors including aerospace and defense, technology and innovation, manufacturing, business and financial services, bioscience and healthcare, and many more.

Commercial real estate for lease listings in Phoenix encompass 24,095,841 square feet across 2,638 spaces in properties that include office, retail, and industrial space. The average size of locally listed buildings is 182,562 square feet in size. Rental rates for commercial spaces for lease in Phoenix range from $3 to $45 per square foot per year.

There are 354 class A commercial properties listed on the Sun City market. Local rental rates for class A commercial space average $27.27 per square foot per year. Spaces in the 985 class B commercial properties listed locally average a rental rate of $20.18 per square foot per year, while the average rental rate for class C commercial property in Phoenix is $18.03 per square foot per year.

Commercial real estate news

From our blog

Industrial Deliveries Growth in 2020
Life Sciences & Biotech Hub Planned for Dallas Pegasus Park

July 15, 2020

Lyda Hill Philanthropies and J. Small Investments recently announced their future-focused redevelopment plans for Pegasus Park. The project aims to boost the science and tech scenes in Dallas and turn the former ExxonMobil campus into a hub for innovation and social influence.

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Lingerfeld Commonwealth Sells Tampa Office Building
Lingerfeld Commonwealth Sells Tampa Office Building

July 7, 2020

Richmond, Va.-based commercial real estate investment firm Lingerfeld Commonwealth Partners (LCP) recently announced the sale of Buschwood III in Tampa, Fla., to fellow Virginia-based company Continental Capital Partners (CCP). The sale price was reported to be $10.35 million.

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Rexford Closes on $73M SoCal Infill Portfolio
Rexford Closes on $73M SoCal Infill Portfolio

July 3, 2020

Rexford Industrial Realty Inc., a real estate investment trust (REIT) focused on investing in and operating property in Southern California infill markets, recently completed the purchase of a five-property portfolio for $73.2 million. The acquisition incorporates 434,000 square feet of both value-add and institutional-quality assets.

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