In 2023 the Maricopa County, AZ commercial real estate market totaled 170,941,231 square feet of office spaces, 131,181,286 square feet of office spaces with retail, and 489,189,592 square feet of industrial space.
Office Spaces
Total: 170,941,231 SF
Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
| Range |
Total square feet |
Share of total |
| 50k to 100k SqFt |
48,389,698 SqFt |
28.31% of total office |
| 100k to 500k SqFt |
104,696,143 SqFt |
61.25% of total office |
| 500k to 1M SqFt |
9,289,710 SqFt |
5.43% of total office |
| > 1M SqFt |
8,565,680 SqFt |
5.01% of total office |
By class:
| Class |
Total square feet |
Share of total |
| Class A |
69,430,760 SqFt |
40.62% of total office |
| Class B |
63,370,887 SqFt |
37.07% of total office |
| Class C |
2,894,200 SqFt |
1.69% of total office |
Roughly 5.43% of the total office space in Maricopa County, AZ is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 28.31% of the office inventory.
Class A office space holds a 40.62% share of the overall Maricopa County, AZ office market, while Class B office assets make up approximately 37.07%.
Industrial
Total: 489,189,592 SF
Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
| Range |
Total square feet |
Share of total |
| 50k to 100k SqFt |
55,283,699 SqFt |
11.3% of total industrial |
| 100k to 500k SqFt |
235,560,871 SqFt |
48.15% of total industrial |
| 500k to 1M SqFt |
99,836,177 SqFt |
20.41% of total industrial |
| > 1M SqFt |
98,508,845 SqFt |
20.14% of total industrial |
By class:
| Class |
Total square feet |
Share of total |
| Class A |
226,961,737 SqFt |
46.4% of total industrial |
| Class B |
100,640,369 SqFt |
20.57% of total industrial |
| Class C |
9,307,938 SqFt |
1.9% of total industrial |
There are 235,560,871 square feet of commercial real estate properties between 100k to 500k square feet, representing 48.15% of the Maricopa County, AZ industrial inventory. Class A assets total 226,961,737 square feet of industrial space, with an additional 100,640,369 square feet of Class B and 9,307,938 square feet of Class C properties.
Office Spaces with Retail
Total: 131,181,286 SF
Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
| Range |
Total square feet |
Share of total |
| 50k to 100k SqFt |
41,981,828 SqFt |
32% of total office with retail |
| 100k to 500k SqFt |
73,859,451 SqFt |
56.3% of total office with retail |
| 500k to 1M SqFt |
6,317,345 SqFt |
4.82% of total office with retail |
| > 1M SqFt |
9,022,662 SqFt |
6.88% of total office with retail |
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