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.See our listings
Recently added listings
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.
The Plaza at Squaw Peak II
10 Spaces / 66,888 Sqft
1 Space / 23,000 Sqft
2 Spaces / 3,415 Sqft
Valley Commerce Center
5 Spaces / 21,070 Sqft
Lincoln Sky Harbor Center
1 Space / 16,532 Sqft
Broadway Commerce Center
5 Spaces / 20,459 Sqft
Metro Business Park II
1 Space / 6,400 Sqft
Airport Technology Center - Bldg B
3 Spaces / 24,104 Sqft
1 North 1 Street
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
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.Read more
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.Read more
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.Read more