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Commercial Real Estate in Tempe, AZ - 308 Properties Available

  • Tempe City Center I - Tempe
    1400 E Southern Avenue, Hughes Acres, Tempe, AZ 85282
    For Lease $22 - $23/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 14,755 Sqft
  • Hayden Station - Tempe
    51 West 3rd Street, Hughes Acres, Tempe, AZ 85281
    For Lease $29.52/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 4,450 Sqft
  • Papago Buttes Corporate Plaza - Ph. II - Tempe
    1230 West Washington Street, Rio, Tempe, AZ 85281
    For Lease $29.5/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 22,307 Sqft
  • Papago Buttes Corporate Plaza - Tempe
    1500 North Priest Drive, Rio, Tempe, AZ 85281
    For Lease $26 - $30/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 10,069 Sqft
  • 1330 West Southern Avenue - Tempe
    1330 West Southern Avenue, Peterson Park, Tempe, AZ 85282
    For Lease $21.96/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 80,000 Sqft
  • Broadway 101 - 2141 East Broadway Road - Tempe
    2141 East Broadway Road, Shalimar, Tempe, AZ 85282
    For Lease $28.95/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 5,227 Sqft
  • Fairmont Technology Center - Tempe
    3011 South 52nd Street, Peterson Park, Tempe, AZ 85282
    For Lease $15.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 32,000 Sqft
  • Tempe Southern Business Center - Tempe
    1156 West Southern Avenue, Peterson Park, Tempe, AZ 85282
    For Lease $8.04 - $8.64/Sqft/Year
    Property
    • Industrial
    Availability
    • 2 Spaces
    • 27,794 Sqft
  • Tempe Commerce Park - 7420 South Kyrene Road - Tempe
    7420 South Kyrene Road, Pepperwood, Tempe, AZ 85283
    For Lease $14.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 20,998 Sqft
  • Rio2100 - 2120 East Rio Salado Pkwy - Tempe
    2120 East Rio Salado Pkwy, Hughes Acres, Tempe, AZ 85281
    For Lease $31.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 13,102 Sqft
  • Agave Executive Center B - Tempe
    1725 West Greentree Drive, Warner Ranch, Tempe, AZ 85284
    For Lease $15 - $17.04/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 40,492 Sqft
  • Hudson Place Medical - Tempe
    2501 East Southern Avenue, Shalimar, Tempe, AZ 85282
    For Lease $12 - $16/Sqft/Year
    Property
    • Office
    Availability
    • 7 Spaces
    • 13,383 Sqft
  • 2727 South 48th Street - Tempe
    2727 South 48th Street, Peterson Park, Tempe, AZ 85282
    For Lease $16.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 152,856 Sqft
  • Papago Buttes Corporate Plaza - Ph. III - Tempe
    1250 West Washington Street, Rio, Tempe, AZ 85281
    For Lease $31/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 94,598 Sqft
  • The Meridian Building - Tempe
    401 West Baseline Road, Pepperwood, Tempe, AZ 85283
    For Lease $15/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 7,053 Sqft
  • Agave Executive Center A - Tempe
    1721 West Greentree Drive, Warner Ranch, Tempe, AZ 85284
    For Lease $15 - $17.04/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 15,939 Sqft
  • 1100 West Grove Pkwy - Tempe
    1100 West Grove Pkwy, Pepperwood, Tempe, AZ 85283
    For Lease $15.75/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 29,341 Sqft
  • Tempe Gateway - Tempe
    222 South Mill Avenue, Hughes Acres, Tempe, AZ 85281
    For Lease $42/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 38,537 Sqft
  • Southern Desert Medical Center - Tempe
    2600 East Southern Avenue, Shalimar, Tempe, AZ 85282
    For Lease $11.5/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 3,555 Sqft
  • Concordia Office Park - Tempe
    1414 West Broadway Road, Peterson Park, Tempe, AZ 85282
    For Lease $17/Sqft/Year
    Property
    • Office
    Availability
    • 6 Spaces
    • 14,871 Sqft
  • Baseline Corporate Center - 4920 South Wendler Drive - Tempe
    4920 South Wendler Drive, Wood Park, Tempe, AZ 85282
    For Lease $22.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 4,706 Sqft
  • Papago Arroyo - 1275 West Washington Street - Tempe
    1275 West Washington Street, Rio, Tempe, AZ 85281
    For Lease $24/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 13,926 Sqft
  • ASU Research Park - Tempe
    2010 E Centennial Circle, Sandahl, Tempe, AZ 85284
    For Lease $18 - $21/Sqft/Year
    Property
    • Industrial
    Availability
    • 2 Spaces
    • 112,873 Sqft
  • Fountainhead Office Plaza II - Tempe
    1601 West Fountainhead Pkwy, Peterson Park, Tempe, AZ 85282
    For Lease $26.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 17,522 Sqft
  • Tempe Tech Center - Tempe
    1401 South 52nd Street, Peterson Park, Tempe, AZ 85281
    For Lease $12 - $15/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 151,144 Sqft

Tempe, AZ Economic Overview

Location Photo

Located at the center of the Phoenix Metropolitan area, Tempe is a vibrant urban oasis. The culture of more than 161,000 people living in the city is welcoming, distinct, vibrant and entrepreneurial. A laid-back atmosphere, fun-filled recreational activities, world-class educational opportunities, beautiful weather and an excellent transport system make Tempe one of the best places to live. Its prime location, combined with a proactive approach to business development and a favorable tax structure, creates an ideal climate for businesses to thrive. Therefore, the Tempe commercial real estate market is arguably the hottest in Arizona.

With upwards of 10 million annual visitors touring the region for its warm weather and sunshine, tourism remains a crucial driver of Tempe’s economy. In recent decades, however, the city has moved towards the technology, manufacturing and service industries. Insight Enterprises, a Fortune 500 company, and other corporate juggernauts such as GoDaddy, KPMG, Wells Fargo and LifeLock are some of the biggest businesses headquartered in Tempe. This can be attributed to the young, highly educated, tech-savvy population and excellent transport network in the city.

Tempe boasts a vibrant entertainment, shopping, and arts culture. Performance venues, such as the Tempe Center for the Arts, and hundreds of wholesale and retail shops make it an attractive shopping and entertainment metropolis.

Tempe, AZ Commercial Real Estate Market

Tempe has a variety of business parks and prime land available for development into Class A office spaces, manufacturing spaces and residential spaces. There are acres of prime land and space along the Tempe Town lake, in historic buildings, along the light rail corridor and at the state-of-the-art ASU research park.

Downtown Tempe has Arizona State University to the east and Tempe Town Lake to the north, all uniquely interconnected by an impressive transport system. From its ever-expanding shopping district to its recent influx of high-rise commercial and residential developments, its growth is apparent everywhere you turn. Downtown Tempe office space especially on the northern end, accounts for a large percentage of Tempe office space. The abundance of locally owned restaurants, nightclubs, and retailers in the town supply over 20,000 jobs. Downtown Tempe is also host to the city’s major employers including LIfeLock, Silicon Valley Bank, Microsoft and Waste Management.

South Tempe consists of lower-density office parks, strip malls, and single-family homes, unlike the northern part, which has an ever-growing skyline. Being a family-friendly area, South Tempe’s Sandahl neighborhood is mainly residential. However, it also boasts a large cluster of retail shops and dining locations.

Tempe Marketplace is the center for shopping and entertainment. It is packed with eateries and retail shops covering over 1 million square feet. Popular retail shops and eateries have set up shop here including Cold Stone, Victoria’s Secret, H&M, Target and DownEast Basics.

Tempe Town Lake is one of Arizona’s premier locations. The Hayden Ferry Lakeside development offers centrally located, urban waterfront property. With light rail access, Town Lake is well connected to its neighboring downtown Tempe’s Mill Avenue, Sky Harbor International Airport, and Arizona State University. The Town Lake waterfront neighborhoods of Rio and Peterson Park offer residential and business opportunities alike, with both land and office spaces available for redevelopment. Top corporations including KPMG, Fidelity National Title, State Farm and Silicon Valley Bank have a Tempe Town Lake office space.

Tempe, AZ Commercial Inventory Breakdown

Office Spaces

Total: 23,657,021 SF

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

By square footage range:

  • 50k to 100k SF: 5,780,342 SF / 24.43% of total office
  • 100k to 500k SF: 17,292,172 SF / 73.1% of total office
  • 500k to 1M SF: 584,507 SF / 2.47% of total office

By class:

  • Class A: 10,088,317 SF / 42.64% of total office
  • Class B: 9,342,573 SF / 39.49% of total office
  • Class C: 1,126,715 SF / 4.76% of total office

Industrial

Total: 13,020,132 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 1,294,623 SF / 9.94% of total industrial
  • 100k to 500k SF: 10,442,844 SF / 80.21% of total industrial
  • 500k to 1M SF: 1,282,665 SF / 9.85% of total industrial

By class:

  • Class A: 4,219,319 SF / 32.41% of total industrial
  • Class B: 8,354,446 SF / 64.17% of total industrial
  • Class C: 446,367 SF / 3.43% of total industrial

Office Spaces with Retail

Total: 325,637 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 94,783 SF / 29.11% of total office with retail
  • 100k to 500k SF: 230,854 SF / 70.89% of total office with retail

Employment in Tempe, AZ

Employment

With the largest concentration of technology firms, the densest industrial area and highest concentration of businesses in Arizona, Tempe is a strong and diverse economy. The City of Tempe, the three school districts, and Arizona State University have been Tempe’s largest employers for a long time. However, the thriving real estate market, biotechnology, and financial sector might soon overtake these traditional employers.

Currently, Tempe’s major employers are -

  • Education – ASU is the largest employer in the city. Together with MCC, they employ a combined workforce of over 12,000 employees. Tempe Elementary School District 3 is also one of the top 10 employers in the city
  • Aerospace – U.S. Airways, formerly known as American Airlines, employs 2,537 workers
  • Business and financial sector- Wells Fargo & Co, Bank of America Corp, JP Morgan Chase & Co
  • Administration/public sector – The city of Tempe employs 1,824 people
  • Industry& Service – The large service provider ABM Industries Inc. employs 2000 employees in Tempe. Salt River Project, which is one of the nation’s largest public power utilities, and Honeywell International Inc. employ a combined workforce of around 4,000.

Other top employers in the city include Motorola, Medtronic MicroElectronics Center, and Conoco Phillips.

Education in Tempe, AZ

Tempe, AZ is arguably one of the best college towns in the U.S. The city is the proud home to Arizona State University, voted best public research university in the U.S., according to the 2017 university rankings. Maricopa County Community College District, university of Phoenix, Ottawa University and Rio Salado Community College are also premier career Arizona schools, which are also headquartered in Tempe.

Commuting Time in Tempe, AZ

Tempe is a 20-minute commute city, thanks to its comprehensive public transportation system, which features buses, light rail and free Orbit shuttles. The city’s warm and sunny weather coupled with 175 miles of dedicated bikeways make it one of the “most bikeable” cities in the country.

This impressive transportation system makes car-free living in Tempe a possibility. You can walk, bike, ride or bus anywhere in the city within 20 minutes.

In addition to the ease of navigation, Tempe’s freeway access and proximity to the Phoenix Sky Harbor International Airport make access to anywhere in the world very easy.

Tempe Demographics

Population

  • Total Population178,339
  • Male Population(52.7 %) 94,065
  • Female Population(47.3 %) 84,274
  • Median Age28.80

Income/Financial

  • Average Household Income$69,463
  • Median Household Income$51,829
  • Median Income Under 25$21,074
  • Median Income 25-44$57,641
  • Median Income 45-64$69,905
  • Median Income Over 65$49,184

News

  Whenever a big corporation lands in a city, many sectors of the economy get a powerful boost. In real estate, the influx of newly created jobs attracts a vast pool of talented professionals looking for a place to stay, which in turn leads to a spike in home renting and buying demand. Universit...

Amazon’s search for a new home has stirred up city officials and developers across the country, and 238 applicants across North America have expressed interest in housing the company’s next headquarters. Of course, the retail giant has a few requirements: the chosen metropolitan area should idea...

COMMERCIALCafé is your first and only stop when it comes to commercial real estate leasings in Tempe, AZ. Search through our extensive selection of commercial properties for lease with current space availability in the area ranging between 3555 square feet and 152856 square feet. Discover the right property from our 308 listings by using our advanced search function, which includes search by property type, space availability, management company, lease rates, and more.