Phoenix, AZ Office Space for Rent
One of Phoenix's strongest suits is that it ranks among the markets with the most stable, consistent overall performance in the country. To investors and business tenants alike, this most often translates to a reliable local economy, as well as steady growth of the local real estate scene. Phoenix has, over time, adapted to make way for a healthy degree of variety in its representation of industries, and is now home to enterprises operating in sectors ranging from film and digital media to bioscience, and aerospace technology. Municipal growth, focused on sustainable practices, has maintained a relatively high affordability across the market, which fuels a steady stream of fresh talent into the Valley of the Sun.
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Find contact information, listing details, and property data for 2,233 office spaces for rent in Phoenix. The listing inventory incorporates 16,067,042 square feet of space across all building classes. Current listings range in size between 100 square feet to 300,000 square feet. Local rents start at $8.28 per square foot per year. 36 of the properties with vacancies listed locally are LEED-certified.
The Plaza at Squaw Peak III
Office
10 Spaces / 72,848 Sqft
Camelback Center
Office
15 Spaces / 102,782 Sqft
Valley Commerce Center
Office
5 Spaces / 21,070 Sqft
Paragon Plaza
Office
9 Spaces / 16,291 Sqft
Three Gateway
Office
12 Spaces / 54,511 Sqft
The Plaza at Squaw Peak II
Office
10 Spaces / 66,888 Sqft
Younan Central Plaza
Office
20 Spaces / 142,880 Sqft
Phoenix Corporate Center
Office
30 Spaces / 317,866 Sqft
One Gateway
Office
6 Spaces / 30,608 Sqft
Phoenix Office Space Market Stats
Phoenix has built astrong, diverse economy, which anchors the sprawling metro area that is also known as the Valley of the Sun. The state capital of Arizona is home to mix of businesses that operate in sectors such as aerospace and defense, business and financial services, technology and innovation, bioscience and healthcare.
Office space for rent in Phoenix incorporates 16,067,042 square feet, across 2,233 listings. The average size local office buildings with listed availabilities is 181,709 square feet in size. Rates for office space in Phoenix range from $8.28 to $45 per square foot per year.
There are 157 class A properties with officeavailability listed on the Sun City market. Local rates for class A office space average $29.92 per square foot per year. Space in the 439 class B that list office vacancies average a rental rate of $21.40 per square foot per year, while the average rate for class C office property in Phoenix is $18.03 per square foot per year.
Commercial real estate news
From our blog
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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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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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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