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 2,638 commercial real estate for lease in Phoenix, encompassing 24,095,841 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.

Paradise Valley Village, Phoenix
$11 - $22/Sqft/Year

Paradise Hills Shopping Center

10654 North 32nd Street, Paradise Valley Village, Phoenix, AZ 85028
Paradise Hills Shopping Center is located at 10654 North 32nd Street in the Paradise Valley Village neighborhood, AZ, Phoenix, 85028, completed in 1962.
Property
Retail
Availability
8 Spaces / 45,693 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
North Mountain Village, Phoenix
$7.68 - $7.92/Sqft/Year

Metro Business Park I

11226 North 23rd Avenue, North Mountain Village, Phoenix, AZ 85029
There are 4 Industrial spaces available for lease at 11226 North 23rd Avenue, Phoenix, AZ, 85029, totaling 34,400 Sqft.
Property
Industrial
Availability
4 Spaces / 34,400 Sqft
Camelback East, Phoenix
$19.5 - $24/Sqft/Year

Valley Commerce Center

4745 North 7th Street, Camelback East, Phoenix, AZ 85014
Recent landscaping renovations; Modern water feature, new pavers and shade structures; Newly constructed spec suites; 4.5/1,000 Parking;
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
There are 5 Office spaces available for lease at 4001 East Broadway Road, Phoenix, AZ, 85225, totaling 20,459 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
Deer Valley Village, Phoenix
$8.88/Sqft/Year

17/Union Hills Business Center

2350 West Union Hills Drive, Deer Valley Village, Phoenix, AZ 85027
There is 1 Industrial space available for lease at 2350 West Union Hills Drive, Phoenix, AZ, 85027, totaling 7,262 Sqft.
Property
Industrial
Availability
1 Space / 7,262 Sqft
Downtown Phoenix, Phoenix
$18 - $29.04/Sqft/Year

1 North 1 Street

1 North 1st Street, Downtown Phoenix, Phoenix, AZ 85004
This building features easy freeway access at the papago inner loop, and close proximity to downtown amenities.
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
First National Realty Partners Acquires N.J. Office Building

April 30, 2020

Real estate investment firm First National Realty Partners recently announced the purchase of The Coastal Building in Red Bank, NJ. The property will add 29,178 square feet of Class A Jersey Shore office space to the company’s portfolio.

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Office Submarkets in 2019
Amazon Expands Presence in Baltimore-D.C. Commercial Corridor

April 24, 2020

Cushman-Wakefield completed the $91 million sale of Techwood Business Center in Hanover, Md., on behalf of the seller, RREEF Management LLC. Amazon was the buyer in the deal, adding the Baltimore business park to its expanding portfolio in the state of Maryland.

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Retail News
Charlotte’s Hearst Tower Changes Hands in $446M Deal

April 14, 2020

Atlanta-based Cousins Properties has completed the sale of Hearst Tower. The Uptown Charlotte office property changed ownership to locally based Truist Financial Corporation. Commanding a gross price tag of $455.5 million, the building sold for roughly $470 per square foot.

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