Please provide a location to search for

Commercial Real Estate in Phoenix, AZ - 1,187 Properties Available

  • Phoenix Corporate Center - Phoenix
    3003 North Central Avenue, Encanto Village, Phoenix, AZ 85012
    For Lease $22.56 - $27.96/Sqft/Year
    Property
    • Office
    Availability
    • 30 Spaces
    • 317,866 Sqft
  • The Plaza at Squaw Peak III - Phoenix
    7600 North 15 Street, Camelback East, Phoenix, AZ 85020
    For Lease $15.96 - $24.96/Sqft/Year
    Property
    • Office
    Availability
    • 10 Spaces
    • 72,848 Sqft
  • Camelback Community Bank Building - Phoenix
    2777 East Camelback Road, Biltmore, Phoenix, AZ 85016
    For Lease $31/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 3,512 Sqft
  • Blackhawk Corporate Center II - Phoenix
    3050 West Agua Fria Freeway, Deer Valley Village, Phoenix, AZ 85027
    For Lease $22.56/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 6,147 Sqft
  • Squaw Peak Corporate Center II - Phoenix
    7720 North 16th Street, Camelback East, Phoenix, AZ 85020
    For Lease $26.5/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 24,685 Sqft
  • Squaw Peak Corporate Center I - Phoenix
    7740 North 16th Street, Camelback East, Phoenix, AZ 85020
    For Lease $26.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 9,927 Sqft
  • Fairmount Place - Phoenix
    4001 North 3 Street, Encanto Village, Phoenix, AZ 85004
    For Lease $18/Sqft/Year
    Property
    • Office
    Availability
    • 9 Spaces
    • 28,591 Sqft
  • 1001 North Central Avenue - Phoenix
    1001 North Central Avenue, Downtown Phoenix, Phoenix, AZ 85004
    For Lease $16.5/Sqft/Year
    Property
    • Office
    Availability
    • 6 Spaces
    • 60,000 Sqft
  • 1 North 1 Street - Phoenix
    1 North 1st Street, Downtown Phoenix, Phoenix, AZ 85004
    For Lease $18 - $29.04/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 17,231 Sqft
  • Phoenix Peak - Phoenix
    7310 North 16 Street, Camelback East, Phoenix, AZ 85020
    For Lease Contact for pricing
    Property
    • Office
    Availability
    • 6 Spaces
    • 15,013 Sqft
  • Camelback Lakes Corporate Center - Phoenix
    2730 East Camelback Road, Biltmore, Phoenix, AZ 85016
    For Lease $33.96 - $35.04/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 6,412 Sqft
  • Security Title Plaza - Phoenix
    3636 North Central Avenue, Encanto Village, Phoenix, AZ 85012
    For Lease $19 - $22/Sqft/Year
    Property
    • Office
    Availability
    • 17 Spaces
    • 97,690 Sqft
  • Anchor Centre West - Phoenix
    2201 East Camelback Road, Biltmore, Phoenix, AZ 85016
    For Lease $35.5/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 17,914 Sqft
  • North 16 Street Financial Center - Phoenix
    7250 North 16 Street, Camelback East, Phoenix, AZ 85020
    For Lease $20.04/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 2,378 Sqft
  • Parkway Fountains - Phoenix
    1702 East Highland Avenue, Camelback East, Phoenix, AZ 85016
    For Lease $23/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 9,247 Sqft
  • Camelback Lakes Corporate Center - Phoenix
    2720 East Camelback Road, Biltmore, Phoenix, AZ 85016
    For Lease $33.96 - $35.04/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 17,535 Sqft
  • Valley Commerce Center - Phoenix
    4745 North 7th Street, Camelback East, Phoenix, AZ 85014
    For Lease $14.04/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 10,022 Sqft
  • Airport Technology Center - Building B - Phoenix
    4129 East Van Buren Street, Camelback East, Phoenix, AZ 85034
    For Lease $27/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 24,104 Sqft
  • Crescent Corporate Center - Phoenix
    2400 West Dunlap Avenue, North Mountain Village, Phoenix, AZ 85021
    For Lease $12 - $18.48/Sqft/Year
    Property
    • Office
    Availability
    • 10 Spaces
    • 58,811 Sqft
  • 3300 Tower - Phoenix
    3300 North Central Avenue, Encanto Village, Phoenix, AZ 85012
    For Lease $23.5 - $24.5/Sqft/Year
    Property
    • Office
    Availability
    • 15 Spaces
    • 140,812 Sqft
  • Phoenix Financial Center - Phoenix
    3443 North Central Avenue, Encanto Village, Phoenix, AZ 85003
    For Lease $17.04/Sqft/Year
    Property
    • Office
    Availability
    • 16 Spaces
    • 62,797 Sqft
  • Younan Central Plaza - Phoenix
    4041 North Central Avenue, Encanto Village, Phoenix, AZ 85012
    For Lease $20/Sqft/Year
    Property
    • Office
    Availability
    • 20 Spaces
    • 142,880 Sqft
  • Shea Court - Phoenix
    3509-3519 East Shea Boulevard, Paradise Valley Village, Phoenix, AZ 85028
    For Lease $15.96/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 2,397 Sqft
  • Palm Court Business Center - Phoenix
    2929 North 44th Street, East Pheonix, Phoenix, AZ 85018
    For Lease $15.96/Sqft/Year
    Property
    • Office
    Availability
    • 6 Spaces
    • 7,622 Sqft
  • Concord Place - Phoenix
    2999 North 44th Street, East Pheonix, Phoenix, AZ 85018
    For Lease $26/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 12,136 Sqft

Phoenix, AZ Economic Overview

Location Photo

Also known as the "Valley of the Sun", the city of Phoenix is home to over 1.6 million people, making it the sixth-largest city in the U.S. And that’s before you account for the more than 22 million tourists that visit Phoenix each year. When you add it all up, it makes for a strong economy, which sustains the vibrant Phoenix commercial real estate market.

Phoenix's biggest industries include manufacturing, tourism, financial services, technology, aerospace, and healthcare. The Phoenix Sky Harbor International Airport ranks as the 11th-busiest in the U.S. and 29th in the entire world, serving over 40 million passengers per year, which makes the city both a major hub and an expansive consumer market. Furthermore, with one of the fastest growing economies and populations in the country, the Phoenix real estate market continues its healthy growth.

Phoenix, AZ Commercial Real Estate Market

The Greater Phoenix area is the center of the state’s economy, accounting for over 80% of job creation in Arizona. The area includes over 130 million square feet of office space, and is home to the headquarters of such diverse major companies as electronics giant Avnet, hotel chain Best Western, moving company UHAUL International, Fortune 500 mining group Freeport-McMoRan, pet chain PetSmart, and the Aerospace division of Honeywell.

The Downtown Phoenix office market is the city’s central business district, home to a large number of financial and legal services companies, including the regional headquarters for major banks like Wells Fargo, JP Morgan & Chase, and Bank of America. It’s also a home to cultural and artistic institutions, like the Phoenix Symphony Hall, as well as two of the city’s professional sports teams, the Arizona Diamondbacks and Phoenix Suns.

The Midtown Phoenix office market revolves around the Central Avenue Corridor and is one of the largest business hubs in the area, employing nearly 60,000 people in areas like financial services and technology, part of the “Silicon Desert”.

The Scottsdale office market is dominated by a combination of tourism, which accounts for over 1/3rd of the area’s economy, and the Scottsdale airpark, which is home to roughly 3,000 companies and more than 55,000 employees, making it one of the largest overall employment centers in the Phoenix metro area. It’s also home to one of the Mayo Clinic’s three locations.

North Mountain is a hub of retail, hospitality, and entertainment, and the North Phoenix office market centers around High Street, a large collection of shops, restaurants, and bars.

Camelback Corridor is an upscale area of Phoenix centered around finances, retail, and dining, with over 120,000 square-feet of space currently being added to the Camelback Corridor office market.

Phoenix, AZ Commercial Inventory Breakdown

Office Spaces

Total: 66,184,439 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 16,745,050 SF / 25.3% of total office
  • 100k to 500k SF: 42,927,271 SF / 64.86% of total office
  • 500k to 1M SF: 5,172,118 SF / 7.81% of total office
  • > 1M SF: 1,340,000 SF / 2.02% of total office

By class:

  • Class A: 26,698,258 SF / 40.34% of total office
  • Class B: 31,191,139 SF / 47.13% of total office
  • Class C: 1,699,112 SF / 2.57% of total office

Industrial

Total: 90,939,342 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 3,988,886 SF / 4.39% of total industrial
  • 100k to 500k SF: 63,378,970 SF / 69.69% of total industrial
  • 500k to 1M SF: 13,786,945 SF / 15.16% of total industrial
  • > 1M SF: 9,784,541 SF / 10.76% of total industrial

By class:

  • Class A: 41,538,428 SF / 45.68% of total industrial
  • Class B: 37,901,788 SF / 41.68% of total industrial
  • Class C: 5,438,196 SF / 5.98% of total industrial

Office Spaces with Retail

Total: 1,020,134 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 100k to 500k SF: 1,020,134 SF / 100% of total office with retail

Employment in Phoenix, AZ

Employment

Manufacturing and tourism have long been major parts of Phoenix’s economy and that continues to this day, but the area’s economy has greatly diversified since then. In total, there are over 2 million people employed in the area.

The biggest employment sectors in Phoenix are:

  • Office and Administrative Support – Roughly 13% of Phoenix’s workforce are government employees, with nearly 75,000 people combined working for the City of Phoenix, Maricopa County, and State of Arizona.
  • Sales and Retail – Phoenix’s largest occupation is retail salesperson. The Fortune 500 retailer PetSmart has its headquarters here, and Wal-Mart Stores employs over 30,000 people alone.
  • Food Services – Around 9% of Phoenix’s total employment comes from food preparation and service, owing partially to its large tourism industry.
  • Other major sectors in Phoenix include:
  • Manufacturing – Phoenix is home to the headquarters of Fortune 500 electronics corporation Avnet, as well as the second-largest Intel site in the world, which employs over 10,000.
  • Tourism – The area receives over 22 million tourists per years and is the home to the Best Western hotel chain’s headquarters. US Airways also employs 9,000 in Phoenix.
  • Financial Services – Three of the city’s top 10 employers are in the financial services sector, including Wells Fargo, Bank of America, and JPMorgan & Chase.
  • Healthcare – Banner Health, Dignity Health, and the Mayo Clinic are among the top employers in the healthcare industry, which has seen tremendous growth in Phoenix since 2002.

Overall, employment is abundant in the Phoenix office market and includes such diverse industries as banking and finance, technology, biomedical services and research, retail, and hospitality.

Education in Phoenix, AZ

The Phoenix area is served by 33 different school districts, including one of the largest high school districts in the country, the Phoenix Union High School District. Higher education in the area includes Arizona State University, one of the largest public universities in the U.S., with campuses in Tempe, Downtown Phoenix, and Northwest Phoenix. Phoenix is also home to a campus of the University of Arizona School of Medicine, the community college Phoenix College, and the Barrow Neurological Institute, the largest institution in the world for neurological disease treatment and research.

Commuting Time in Phoenix, AZ

The average commute time for the city of Phoenix is only about 15 minutes, with trips increasing to around 26 minutes for the greater Phoenix metro area.

While nearly 97% of commuters rely on cars and car pooling, there’s also an efficient light rail system, the Valley Metro Light Rail, which is one of the busiest in the country. The rail serves over 40,000 passengers each weekday, and runs from 4:40am to just after midnight, Monday through Thursday and on Sunday. Service hours are extended to 3am on Friday and Saturday night nights.

You can find schedule and fair information for both the light rail and the Valley Metro’s bus service here.

Phoenix Demographics

Population

  • Total Population1,574,421
  • Male Population(49.8 %) 784,828
  • Female Population(50.2 %) 789,593
  • Median Age33.30

Income/Financial

  • Average Household Income$73,092
  • Median Household Income$52,080
  • Median Income Under 25$31,941
  • Median Income 25-44$53,507
  • Median Income 45-64$60,352
  • Median Income Over 65$41,298

News

When it comes to sustainable office buildings, there are plenty to choose from. We’ve picked 14 of the most eco-friendly commercial real estate offerings in the US. In no particular order, here they are: Tower 6 Allentown, Pennsylvania Architect: Spillman Farmer Architects With floor-to-ceiling ...

Key takeaways: 682 million square feet of office space have been added across the country in the last 10 years. Campus-style tech companies greatly influenced the suburban expansion throughout the U.S. New York City, Chicago, and San Francisco grew the most on the fringes of the urban cores. The...

The top 10 cities for startups in our smaller population bracket include the country’s most (still) affordable cities in which to live and start a business, and which have a budding entrepreneurial scene and diversifying economies.

COMMERCIALCafé is your first and only stop when it comes to commercial real estate leasings in Phoenix, AZ. Search through our extensive selection of commercial properties for lease with current space availability in the area ranging between 2378 square feet and 317866 square feet. Discover the right property from our 1187 listings by using our advanced search function, which includes search by property type, space availability, management company, lease rates, and more.