Tempe, AZ Commercial Real Estate for Lease and Sale
Explore 321 listing(s) of commercial real estate in Tempe, AZ to find the best space for your business.
Here is a rundown of the primary commercial real estate property types currently available in Tempe:
The average rent for commercial real estate in Tempe is $17.96 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in Tempe costs $1.09, while the city’s premium locations ask up to $33.
Office space here averages $28.07 per square foot while industrial space averages $15.85 per square foot. The variation reflects differences in property types, quality, and demand.
Here is a breakdown of the average size of different property classes (also known as asset class or property type):
The best area for commercial real estate in Tempe will depend greatly on your needs. The neighborhood with the largest overall number of commercial listings is Peterson Park, home to no fewer than 228 listings for space of all types. If you're looking for office space, Peterson Park has the highest concentration of office listings at 49.
Meanwhile, Peterson Park has the highest number of industrial availabilities (160), while Hughes Acres boasts the largest number of retail listings in the city (43).
CommercialCafe’s CRE offering in Tempe is enabled by a network of 224 active brokers from 74 different firms, ensuring a wide variety of listings. Working with an experienced professional can make a real difference. Learn more about the benefits of working with a broker.
To get in touch with a broker, use the "Contact Property" button on this search page or fill in the contact form provided on each individual property’s listing page.
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, local market conditions, the state of the local economy and the demand for that particular type of commercial property, to name a few.
Asking rents in the city can be as high as $33 per square foot. In particular, the property type commanding the highest lease rates in Tempe is Office space.
The average size of a commercial property here stands at 3,074. However, different asset classes and zoning laws will result in vastly different property sizes.
Here is a breakdown of the average size of different commercial asset classes in Tempe:
Office properties:
| Property Type | Count of Listings | Total Sq. Ft. |
|---|---|---|
| Office | 94 | 2,838,680 |
| Retail | 62 | 404,596 |
| Industrial | 132 | 2,448,219 |
| Other | 1 | 3,074 |
| Property Type | Count of Listings | Total Sq. Ft. |
|---|---|---|
| Office | 12 | 229,316 |
| Retail | 9 | 46,219 |
| Industrial | 10 | 235,353 |
| Other | 7 | 427,995 |
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.
