Tempe, AZ Retail Space for Lease

Search 65 retail listings in Tempe, AZ and find helpful local stats in the Market Overview section below.

South Point Plaza

2700 West Baseline Road, Wood Park, Tempe, AZ
Property

Retail

50,725 SF
Availability

1 Space

2,442 SF
Year Built

1987
For Lease Contact for pricing
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Food City Plaza

1811 North Scottsdale Road, Rio, Tempe, AZ
Property

Retail

77,426 SF
Availability

2 Spaces

21,060 SF
For Lease Contact for pricing
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1323-1325 W University Dr

1323-1325 W University Dr, Peterson Park, Tempe, AZ
Property

Retail

3,446 SF
Availability

1 Space

2,200 SF
Year Built

1960
For Lease

$30.00/SF/YR
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SWC Elliot Road & Priest Drive

| SWC Elliot Road & Priest Drive, Pepperwood, Tempe, AZ
Property

Retail

21,700 SF
Availability

1 Space

21,700 SF
For Lease

$17.00/SF/YR
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Marcos de Niza Plaza

805 East Guadalupe Road, Bell de Mar Crossing, Tempe, AZ
Property

Retail

66,625 SF
Availability

16 Spaces

66,625 SF
Year Built

1984
For Lease Contact for pricing
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Retail Space Rents in Tempe, AZ

Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Tempe asks $18.98 per square foot.

Retail Space Lease Types in Tempe, AZ

The most common type of lease agreement you’ll find here is NNN, with 25 space(s) available under this type of arrangement. The local market is also home to 3 retail space(s) offered under a Full Service lease agreement type, and 2 Modified Gross listing(s).

Most Common Type of Lease for Retail Buildings in Tempe, AZ

NNN 25
Full Service 3
Modified Gross 2

Average Size of Retail Space for Lease in Tempe, AZ

The average size for this type of rental opportunity in Tempe is 1,000 sqft to 2,500 sqft. Currently, the local market offers 82 listing(s) within that size range. You can also search 27 listing(s) in the more than 5,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.

Retail Space Types You Can Lease in Tempe, AZ

Retail space in Tempe comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Restaurant and you can find 2 such space(s) available.  

Restaurant spaces listed for rent here have an average size of 5,438 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.

The local market is also home to 1 space(s) listed as Street Retail. The average size you can expect to find for this category is 30,000 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.

What’s more, you can find 1 listing(s) in the Freestanding category, currently available in the average size of 6,500 square feet. Freestanding retail spaces or buildings are a great choice for businesses that need more room to carry out their day-to-day operations and want to stand out. Being located on their own lot and generally featuring more generous showroom and storage space than other such space types, freestanding retail offers tenants the leeway to build the experience they want.

Number of Retail Spaces for Lease in Tempe, AZ, by Use Type

Restaurant

Street Retail

Freestanding

Average Retail Listing Size in Tempe, AZ, by Use Type

Restaurant

5,438 sq. ft.

Street Retail

30,000 sq. ft.

Freestanding

6,500 sq. ft.

However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.

Top Locations to Lease Retail Space in Tempe, AZ

In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.

Hughes Acres is your top choice for lease opportunities, as it is currently home to the highest number of listings — 39 retail space(s).

Tempe’s second most popular area is Bell de Mar Crossing, where you can find 25 retail listing(s).

Peterson Park is also among the best areas to search for your next commercial space. Here you can find 18 retail space(s) available for consideration by prospective tenants.

Top Locations to Lease Retail Space in Tempe, AZ

Hughes Acres

Bell de Mar Crossing

Peterson Park

Tempe Gardens

Sandahl

Key Factors to Consider When Choosing a Retail Space for Lease

When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.

How much space do you think you will need? A smaller, more specialized business may find a mall space to be more than accommodating, but if you’re looking to set up a business like a diner, car wash, or furniture store, a freestanding space or big box retail space in a shopping center may be more appropriate.

Some properties also go the extra mile to become more environmentally friendly, which is often indicated by a LEED certification. The Tempe real estate market is home to 1 LEED-certified retail building(s). This kind of space represents 1.32% of the city’s total retail real estate.

Distribution of LEED-Certified Retail Properties in Tempe, AZ

LEED Gold

Data based on retail spaces listed for rent on CommercialSearch.com

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Tempe, AZ Retail Space for Lease

South Point Plaza

Food City Plaza

1323-1325 W University Dr

SWC Elliot Road & Priest Drive

Marcos de Niza Plaza

Retail Space Rents in Tempe, AZ

Retail Space Lease Types in Tempe, AZ

Most Common Type of Lease for Retail Buildings in Tempe, AZ

Average Size of Retail Space for Lease in Tempe, AZ

Retail Space Types You Can Lease in Tempe, AZ

Number of Retail Spaces for Lease in Tempe, AZ, by Use Type

Average Retail Listing Size in Tempe, AZ, by Use Type

Top Locations to Lease Retail Space in Tempe, AZ

Top Locations to Lease Retail Space in Tempe, AZ

Key Factors to Consider When Choosing a Retail Space for Lease

Distribution of LEED-Certified Retail Properties in Tempe, AZ

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