Tempe, AZ Commercial Real Estate for Lease and Sale

Explore 323 listings of Tempe commercial real estate for lease and for sale to find the best space for your business.

6101 S Rural Rd

6101 S Rural Rd, Optimist Park, Tempe, AZ
Property

Office

14,868 SF
Availability

1 Space

893 SF
Year Built

1983
For Lease

$19.00/SF/YR
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5028 S Ash Ave

5028 S Ash Ave, Tempe Gardens, Tempe, AZ
Property

Industrial

11,111 SF
Availability

1 Space

2,629 SF
Year Built

1981
For Lease

$1.67/SF/MO
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1310 W Drivers Wy

1310 W Drivers Wy, Sandahl, Tempe, AZ
Property

Office

52,072 SF
Availability

1 Space

1,765 SF
For Lease

$18.95/SF/YR
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Valley Fair Shopping Center

113 East Southern Avenue, Tempe Gardens, Tempe, AZ
Property

Retail

90,862 SF
Availability

1 Space

1,200 SF
Year Built

1962
For Lease Contact for pricing
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6031 S Maple Ave

6031 S Maple Ave, Pepperwood, Tempe, AZ
Property

Industrial

27,890 SF
Availability

1 Space

7,875 SF
Year Built

1985
For Lease

$1.35/SF/MO
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1914 W 3rd St

1914 W 3rd St, Peterson Park, Tempe, AZ
Property

Industrial

10,107 SF
Availability

1 Space

10,107 SF
Year Built

1981
For Lease

$1.35/SF/MO
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1835 E 6th St

1835 E 6th St, Hughes Acres, Tempe, AZ
Property

Industrial

48,000 SF
Availability

1 Space

1,480 SF
Year Built

1985
For Lease

$1.50/SF/MO
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Tempe Industrial Park

1819, 1825, 1829, 1839 & 1849 W. Drake Dr., Pepperwood, Tempe, AZ
Property

Industrial

202,941 SF
Availability

1 Space

4,112 SF
For Lease Contact for pricing
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Medical Building

601-605 E Broadway Rd, Peterson Park, Tempe, AZ
Property

Office

4,233 SF
Year Built

1977
For Sale

Subject To Offer
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1250 E Baseline Rd

1250 E Baseline Rd, Tempe Gardens, Tempe, AZ
Property

Office

10,272 SF
Year Built

1980
For Sale

$2,490,000
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420 South Mill Avenue

420 South Mill Avenue, Hughes Acres, Tempe, AZ
Property

Office

29,100 SF
Availability

2 Spaces

4,536 SF
For Lease Contact for pricing
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7420-7530 S Rural Road

7420-7530 S Rural Road, Bell de Mar Crossing, Tempe, AZ
Property

Retail

32,400 SF
Availability

3 Spaces

7,470 SF
Year Built

1999
For Lease Contact for pricing
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The Watermark - 430 North Scottsdale Road

430 North Scottsdale Road, Hughes Acres, Tempe, AZ
Property

Retail

25,565 SF
Availability

1 Space

13,707 SF
Year Built

2019
For Lease Contact for pricing
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2535 E University Retail/Office Space

2535 E University Dr, Hughes Acres, Tempe, AZ
Property

Retail

6,991 SF
Availability

1 Space

840 SF
Year Built

1984
For Lease

$1,000.00/MO
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University Logistics Center

1345 S 52nd Street, Peterson Park, Tempe, AZ
Property

Industrial

112,300 SF
Availability

1 Space

112,300 SF
Year Built

1986
For Lease Contact for pricing
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Broadway 101 - 2141 East Broadway Road

2141 East Broadway Road, Shalimar, Tempe, AZ
Property

Office

81,874 SF
Availability

2 Spaces

9,281 SF
Year Built

1998
For Lease

$32.00/SF/YR
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1, 51 W Elliot Rd

1, 51 W Elliot Rd, Sandahl, Tempe, AZ
Property

Office

24,356 SF
Availability

1 Space

1,224 SF
Year Built

1986
For Lease

$23.00/SF/YR
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University Flex - 2114 West 7th Street

2114 West 7th Street, Peterson Park, Tempe, AZ
Property

Office

74,280 SF
Availability

1 Space

37,140 SF
Year Built

1995
For Lease Contact for pricing
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2520 East University Drive

2520 East University Drive, Hughes Acres, Tempe, AZ
Property

Mixed Use

130 SF
Availability

1 Space

130 SF
Year Built

2004
For Lease

$9.23/SF/MO
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9365 South McKemy Street

9365 South McKemy Street, Warner Ranch, Tempe, AZ
Property

Industrial

44,743 SF
Availability

1 Space

44,743 SF
Year Built

1999
For Lease

$1.10/SF/MO
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1425 E University Dr

1425 E University Dr, Hughes Acres, Tempe, AZ
Property

Industrial

20,150 SF
Availability

1 Space

1,923 SF
Year Built

1986
For Lease

$1.30/SF/MO
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904 North Scottsdale Road

904 North Scottsdale Road, Rio, Tempe, AZ
Property

Retail

8,406 SF
Availability

2 Spaces

5,640 SF
For Lease Contact for pricing
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The Alameda

1665 W Alameda Drive, Peterson Park, Tempe, AZ
Property

Office

236,188 SF
Availability

1 Space

90,924 SF
Year Built

1969
For Lease

$18.00/SF/YR
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1326 W Fairmont Dr

1326 W Fairmont Dr, Peterson Park, Tempe, AZ
Property

Industrial

39,813 SF
For Sale

Subject To Offer
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Wells Fargo Plaza
Regus
64 East Broadway Road Suite 200, Tempe, AZ
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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1804 W Elliot Road

1804 W Elliot Road, Pepperwood, Tempe, AZ
Property

Office

3,700 SF
Availability

1 Space

3,700 SF
Year Built

2020
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Tempe commercial real estate market incorporates 10,223,496 square feet of office space across 139 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Tempe commercial real estate market includes 3,519,248 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Tempe market, there is a total of 3,788,281 square feet of industrial property.

The listing inventory in Tempe incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Tempe is represented by Office space, which accounts for 4,293,933 square feet of available listings. Industrial space available in Tempe adds up to 1,360,215 square feet.

Meanwhile, most of the listings of commercial property for sale in Tempe are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Tempe is $20.15 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Tempe can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $27.62 per square foot, industrial space in Tempe saw average rents of $15.37 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Tempe, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Tempe is in the Hughes Acres neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Peterson Park area.

Meanwhile, retail space opportunities are most abundant in the Hughes Acres submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Peterson Park.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $30 per square foot. In particular, the property type commanding the highest lease rates in Tempe was Office space.

Conversely, the highest sale price last year was $16,300,000 that is located at 1150 West Grove Pkwy.

The average size of a commercial property in Tempe depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Tempe, the average size of an office property is 79,252 square feet.
Retail properties here incorporate an average of 56,763 square feet.
Industrial space in Tempe is in buildings that are, on average 46,199 square feet in size.

Tempe, AZ Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Tempe currently add up to 6,781,300 square feet. The market offers 131 active office listing(s), which amount to 4,293,933 square feet and account for 47% of commercial spaces on the market. Local retail availability includes 635,666 square feet across 59 retail space(s). Industrial space for rent opportunities in Tempe amount to 1,360,215 square feet across a total of 81 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	131	4,293,933
Retail	59	635,666
Industrial	81	1,360,215
Other	4	491,486

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Tempe, AZ. Currently, there is 1,132,426 square feet of commercial property for sale here , which includes 12 office building(s) for sale , 11 retail investment opportunity listing(s) , and 8 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	12	211,722
Retail	11	450,120
Industrial	8	322,934
Other	11	147,650

Tempe, AZ Commercial Real Estate Market Overview

Tempe, Ariz., is home to one of the most flourishing business landscapes in the United States. The city is driven by its diversified economy, with business services; manufacturing; healthcare and biotechnology; tourism; and technology being some of its key industries. Tempe also benefits from a strategic location, as it’s situated at the very heart of the state of Arizona, while also enjoying easy access to Phoenix Sky Harbor International Airport and being connected to other major cities in the state via Interstate 10 and several busy commercial highways.

The top employers in the city include Arizona State University, State Farm Insurance, Freedom Financial Network, JPMorgan Chase Bank National Association and ABM Industries. A number of other large organizations also have offices in Tempe, including Fortune 500 Company Insight Enterprises — a B2B and information technology company for enterprises that is headquartered in the city.

Tempe, AZ Commercial Real Estate for Lease and Sale

6101 S Rural Rd

5028 S Ash Ave

1310 W Drivers Wy

Valley Fair Shopping Center

6031 S Maple Ave

1914 W 3rd St

1835 E 6th St

Tempe Industrial Park

Medical Building

1250 E Baseline Rd

420 South Mill Avenue

7420-7530 S Rural Road

The Watermark - 430 North Scottsdale Road

2535 E University Retail/Office Space

University Logistics Center

Broadway 101 - 2141 East Broadway Road

1, 51 W Elliot Rd

University Flex - 2114 West 7th Street

2520 East University Drive

9365 South McKemy Street

1425 E University Dr

904 North Scottsdale Road

The Alameda

1326 W Fairmont Dr

Wells Fargo Plaza

1804 W Elliot Road

Frequently Asked Questions

Tempe, AZ Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Tempe, AZ Commercial Real Estate Market Overview

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Tempe, AZ Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Tempe, AZ?

What factors affect the price of commercial real estate in Tempe, AZ?

What is the average rent for commercial space in Tempe, AZ?

What are the best areas for commercial real estate in Tempe, AZ?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Tempe, AZ?

Tempe, AZ Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Tempe, AZ Commercial Real Estate Market Overview

Other Popular Searches

Popular Coworking Searches

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About us