Tempe, AZ Commercial Real Estate for Lease - 290 Listings

Tempe Square Shopping Center

6408 South McClintock Drive, Bell de Mar Crossing, Tempe, AZ
Property

Retail

114,309 SF
Availability

2 Spaces

8,267 SF
Year Built

1976
For Lease

$24.00/SF/YR
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1155 W. 23rd Street

1155 W. 23rd Street, Peterson Park, Tempe, AZ
Property

Industrial

65,080 SF
Availability

2 Spaces

9,600 SF
For Lease Contact for pricing
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2717 W Southern Ave

2717 W Southern Ave, Wood Park, Tempe, AZ
Property

Office

104,215 SF
Availability

3 Spaces

9,481 SF
Year Built

1983
For Lease

$0.90/SF/MO
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148 W Orion St

148 W Orion St, Pepperwood, Tempe, AZ
Property

Industrial

193,868 SF
Availability

2 Spaces

4,077 SF
Year Built

1985
For Lease

$1.25 - $1.40/SF/MO
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MAC6 Broadway East

1414 W Broadway Road, Peterson Park, Tempe, AZ
Property

Office

61,073 SF
Availability

5 Spaces

10,263 SF
Year Built

1974
For Lease Contact for pricing
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4450 S Rural Rd, Bldg E

4450 S Rural Rd, Bldg E, Tempe Gardens, Tempe, AZ
Property

Office

6,032 SF
Availability

1 Space

1,392 SF
Year Built

1998
For Lease

$21.00/SF/YR
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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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Huntington Square Shopping Center

3225 South Mill Avenue, Peterson Park, Tempe, AZ
Property

Retail

46,912 SF
Availability

7 Spaces

10,035 SF
Year Built

1983
For Lease Contact for pricing
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4801 S Lakeshore Dr

4801 S Lakeshore Dr, Tempe Gardens, Tempe, AZ
Property

Office

23,195 SF
Availability

2 Spaces

3,320 SF
Year Built

1983
For Lease

$18.50/SF/YR
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Fiesta Plaza

2111 E Baseline Rd, Optimist Park, Tempe, AZ
Property

Office

23,056 SF
Availability

2 Spaces

1,288 SF
Year Built

1980
For Lease

$750.00 - $1,350.00/MO
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2145 E Baseline Road

2145 E Baseline Road, Optimist Park, Tempe, AZ
Property

Office

44,360 SF
Availability

2 Spaces

44,360 SF
Year Built

2019
For Lease

$16.75/SF/YR
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6900 S Priest Dr

6900 S Priest Dr, Pepperwood, Tempe, AZ
Property

Industrial

22,277 SF
Availability

3 Spaces

6,480 SF
Year Built

1982
For Lease

$1.15 - $1.25/SF/MO
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1150 West Grove Pkwy

1150 West Grove Pkwy, Pepperwood, Tempe, AZ
Property

Office

104,206 SF
Availability

1 Space

22,263 SF
Year Built

1997
For Lease

$16.00/SF/YR
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Industrial Development for Lease in Tempe

Sight Logistics Park 6840 & 6860 S Harl Ave Tempe, Pepperwood, Tempe, AZ
Property

Industrial
Availability

1 Space

201,187 SF
For Lease Contact for pricing
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Desert Vista Commerce Center

7890 South Hardy Drive, Sandahl, Tempe, AZ
Property

Office

98,687 SF
Availability

2 Spaces

11,690 SF
Year Built

1998
For Lease

$13.20/SF/YR
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1515 Corporate Center

1515 W 14th Street, Peterson Park, Tempe, AZ
Property

Office

225,000 SF
Availability

1 Space

154,946 SF
Year Built

1977
For Lease

$19.50/SF/YR
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1144 West Washington Street

1144 West Washington Street, Rio, Tempe, AZ
Property

Office

91,000 SF
Availability

2 Spaces

51,250 SF
Year Built

1999
For Lease

$17.50/SF/YR
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444 West Geneva Drive

444 West Geneva Drive, Peterson Park, Tempe, AZ
Property

Industrial

58,000 SF
Availability

1 Space

58,000 SF
For Lease

$1.10/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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2105 S Hardy Dr

2105 S Hardy Dr, Peterson Park, Tempe, AZ
Property

Industrial

40,800 SF
Availability

3 Spaces

5,600 SF
Year Built

1974
For Lease

$1.20 - $15.00/SF/YR
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Discovery Business Campus - Northern Trust II

2190 East Elliot Road, Camelot Village, Tempe, AZ
Property

Office

154,193 SF
Availability

3 Spaces

53,493 SF
Year Built

2019
For Lease Contact for pricing
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509 S 48th St

509 S 48th St, Peterson Park, Tempe, AZ
Property

Industrial

8,416 SF
Availability

1 Space

1,440 SF
Year Built

1980
For Lease

$1.50/SF/MO
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Fountainhead Corporate Park - Park Bridge

1501 West Fountainhead Pkwy, Peterson Park, Tempe, AZ
Property

Office

161,306 SF
Availability

1 Space

28,391 SF
Year Built

1995
For Lease

$22.00/SF/YR
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9875 S Priest Dr, Ste 104

9875 S Priest Dr, Ste 104, Warner Ranch, Tempe, AZ
Property

Office

5,543 SF
Availability

1 Space

2,000 SF
Year Built

2004
For Lease

$22.00/SF/YR
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Agave Executive Center

1729 W Greentree Drive, Warner Ranch, Tempe, AZ
Property

Office

17,960 SF
Availability

1 Space

7,796 SF
Year Built

2000
For Lease

$15.00 - $17.04/SF/YR
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1840-1860 East Warner Road

1840-1860 East Warner Road, Sandahl, Tempe, AZ
Property

Retail

93,707 SF
Availability

1 Space

1,372 SF
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 10,599,993 square feet of office space across 149 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 3,478,451 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 4,284,873 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 4,362,357 square feet of available listings. Industrial space available in Tempe adds up to 1,537,057 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 $19.66 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 $27.45 per square foot, industrial space in Tempe saw average rents of $15.86 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 $29 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 80,303 square feet.
Retail properties here incorporate an average of 56,105 square feet.
Industrial space in Tempe is in buildings that are, on average 46,575 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 6,935,790 square feet. The market offers 136 active office listing(s), which amount to 4,362,357 square feet and account for 46% of commercial spaces on the market. Local retail availability includes 912,076 square feet across 63 retail space(s). Industrial space for rent opportunities in Tempe amount to 1,537,057 square feet across a total of 90 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	136	4,362,357
Retail	63	912,076
Industrial	90	1,537,057
Other	4	124,300

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 1,165,133 square feet of commercial property for sale here , which includes 13 office building(s) for sale , 8 retail investment opportunity listing(s) , and 10 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	13	202,211
Retail	8	140,602
Industrial	10	383,365
Other	12	438,955

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 - 290 Listings

Tempe Square Shopping Center

1155 W. 23rd Street

2717 W Southern Ave

148 W Orion St

MAC6 Broadway East

4450 S Rural Rd, Bldg E

1914 W 3rd St

Huntington Square Shopping Center

4801 S Lakeshore Dr

Fiesta Plaza

2145 E Baseline Road

6900 S Priest Dr

1150 West Grove Pkwy

Industrial Development for Lease in Tempe

Desert Vista Commerce Center

1515 Corporate Center

1144 West Washington Street

444 West Geneva Drive

904 North Scottsdale Road

2105 S Hardy Dr

Discovery Business Campus - Northern Trust II

509 S 48th St

Fountainhead Corporate Park - Park Bridge

9875 S Priest Dr, Ste 104

Agave Executive Center

1840-1860 East Warner 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 - 290 Listings

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

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us