Mesa, AZ Commercial Real Estate Market Overview
Mesa, Ariz. is the state’s third-largest city and a major contributor to the Valley of the Sun’s ever-growing tech sector. Mesa benefits from the region’s tech boom as much as it does from other industries that are central to the city’s economy, including transportation and logistics, manufacturing, and the well-developed aerospace sector.
In Mesa, several classes of commercial real estate are in high demand. For example, industrial real estate consistently has low vacancy rates, especially in competitive areas like the Fiesta District with its industry clusters. World-class tenants like Apple and Lyft have also bet on the region’s tech sector by moving into local business districts, such as the Mesa downtown area or the Falcon District — a high-tech hub that’s anchored by Falcon Field Airport and has a high concentration of aerospace, defense, advanced manufacturing and tech companies.