In addition to preferred particularities of local culture, economy, and geography, businesses looking to expand or relocate also give great consideration to the size, variety, and quality of the commercial real estate in and around their city of interest.
Total Office Space in Arizona: 164,634,623 Sq. Ft.
In Arizona, the largest share of office space is in office properties sized 100k to 500k square feet. In terms of quality rating, you’ll find that 68,516,047 square feet of office space in Arizona is rated Class A. Office space rated Class B amount to 63,476,964 square feet.
Arizona Office Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Office |
| 50k to 100k Sq. Ft. |
47,846,648 Sq. Ft. |
29.06% |
| 100k to 500k Sq. Ft. |
102,740,170 Sq. Ft. |
62.4% |
| 500k to 1M Sq. Ft. |
8,682,125 Sq. Ft. |
5.27% |
| > 1M Sq. Ft. |
5,365,680 Sq. Ft. |
3.26% |
Arizona Office Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Office |
| Class A |
68,516,047 Sq. Ft. |
41.62% |
| Class B |
63,476,964 Sq. Ft. |
38.56% |
| Class C |
3,039,253 Sq. Ft. |
1.85% |
Data was provided by CommercialEdge, refers to properties larger than 50,000 square feet.
Total Industrial Space in Arizona: 508,312,920 Sq. Ft.
Arizona is home to an industrial real estate market that encompasses 508,312,920 square feet of space across 790 industrial properties of various use types, sizes, and quality ratings.
Arizona Industrial Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Industrial |
| 50k to 100k Sq. Ft. |
31,240,223 Sq. Ft. |
6.15% |
| 100k to 500k Sq. Ft. |
253,621,471 Sq. Ft. |
49.89% |
| 500k to 1M Sq. Ft. |
110,097,328 Sq. Ft. |
21.66% |
| > 1M Sq. Ft. |
113,353,898 Sq. Ft. |
22.3% |
Arizona Industrial Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Industrial |
| Class A+ |
144,797 Sq. Ft. |
0.03% |
| Class A |
240,630,201 Sq. Ft. |
47.34% |
| Class B |
89,659,705 Sq. Ft. |
17.64% |
| Class C |
8,408,646 Sq. Ft. |
1.65% |
Data was provided by CommercialEdge, refers to industrial use properties larger than 50,000 square feet.
Total Retail Space in Arizona: 136,050,859 Sq. Ft.
The Arizona commercial real estate market includes 1032 properties that are dedicated to retail use. The various types of retail space here account for 136,050,859 square feet of commercial property in Arizona.
Arizona Retail Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Retail |
| 50k to 100k Sq. Ft. |
43,454,430 Sq. Ft. |
31.94% |
| 100k to 500k Sq. Ft. |
77,244,422 Sq. Ft. |
56.78% |
| 500k to 1M Sq. Ft. |
6,329,345 Sq. Ft. |
4.65% |
| > 1M Sq. Ft. |
9,022,662 Sq. Ft. |
6.63% |
Arizona Retail Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Retail |
| Class B |
58,390 Sq. Ft. |
0.04% |
Data was provided by CommercialEdge and refers to retail properties larger than 50,000 square feet.
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