Office Rental Market
- $26.78 2019 Avg. Asking Rent
- 10.54 % 2019 Avg. Vacancy Rate
- 1,028,525 2019 Office Completions (Sqft)
- 561,794 2020 Estimated Pipeline (Sqft)
Average Office Asking Rents by Class
2019 Average Office Rent per Square Foot
- Chandler Class A Office Buildings$27.47
- Chandler Class B Office Buildings$24.30
- AZ Class A Office Buildings$31.21
- AZ Class B Office Buildings$22.48
- AZ Class C Office Buildings$17.99
Chandler, AZ Office Asking Rents by Class
OFFICE CONSTRUCTION IN Chandler, AZ
- Chandler, AZ Total Sqft completed in 2019 1,028,525
- Chandler, AZ Total Sqft under construction in 2020 561,794
Building name | Address | Total Sqft | Year built |
---|---|---|---|
Continuum | 2501 South Price Road, 85286 | 463,658 | 1986 |
Allred Park Place – Building 17 | 1575 South Price Road, 85286 | 354,579 | 2019 |
The Hub | 2701 East Ryan Road, 85286 | 292,000 | 2009 |
The Offices at Chandler Viridian | 3133 W Frye Road, 85226 | 249,584 | 2018 |
Park at San Tan | 3075 West Ray Road, 85226 | 236,405 | 2007 |
The Park at Santan - Office B | 3075 W Ray Road, 85226 | 220,000 | 2007 |
Wells Fargo Center - Building E | 2850 South Price Road, 85286 | 205,000 | 2015 |
Wells Fargo Center - Building D | 2750 South Price Road, 85286 | 205,000 | 2015 |
Wells Fargo Center - Building B | 2600 South Price Road, 85286 | 205,000 | 2004 |
Wells Fargo Center - Building A | 2700 South Price Road, 85286 | 205,000 | 2004 |
Office building | Address | Sqft | Completed |
---|---|---|---|
Allred Park Place – Building 17 | 1575 South Price Road, 85286 | 354,579 | 2019 |
2625 at Chandler Freeway Crossing | 2625 West Geronimo Place, 85224 | 153,370 | 2019 |
Allred Park Place - Building 16 | 1700 South Price Road, 85286 | 151,359 | 2019 |
Allred Park Place - Building 15 | 1650 South Price Road, 85286 | 120,000 | 2019 |
One Chandler Corporate Center - Phase I | 350 North McClintock Drive, 85226 | 117,176 | 2018 |
The Stearman | 2425 South Stearman Drive, 85286 | 65,000 | 2018 |
3125 South Gilbert Road | 3125 South Gilbert Road, 85286 | 28,187 | 2018 |
Walgreens Pharmacy Operations Support Center | 2225 South Price Road, 85286 | 66,756 | 2017 |
Mach One I | 2222 East Yeager Drive, 85286 | 105,000 | 2016 |
Mach One II | 2290 East Yeager Drive, 85286 | 102,121 | 2016 |
Office Spaces for Rent in Arizona
CHANDLER OFFICE SALES TRENDS
- $180.422019 Avg. Price per Sqft
- 18.11 %Y-o-Y Avg. PpSF Change
- $130.6M2019 Office Sales Volume
- 52019 Number of Transactions
In 2019, office sales in Chandler averaged $180.42 per square foot. This marked a 18.11 % increase in office price per square foot, compared to the previous year. A total of 5 office sales closed on the Chandler office market in 2019, amounting to a total sales volume of $130.6M.
Average Office Sale Price per Sqft
Chandler, AZ Sales Trends
- Chandler Price per Sqft$180.42
- Arizona Price per Sqft$186.81
Office Sales - Trend and Volume
- Chandler, AZ Total Office Sales Volume in 2019 $130.6M
- Chandler, AZ Total Number of Office Sales Closed in 2019 5
Largest Chandler Office Sales in 2019
Property name | Address | Date | Price |
---|---|---|---|
Hub, The | 2701 East Ryan Road | 11/1/2019 | $47,900,000 |
Chandler City Center | 55 North Arizona Place | 10/21/2019 | $26,197,000 |
One Chandler Corporate Center - Phase I | 350 North McClintock Drive | 5/20/2019 | $25,210,000 |
Arizona Corporate Plaza | 33 East Comstock Drive | 12/18/2019 | $15,950,000 |
Chandler Corporate Center IV | 4100 West Galveston Street | 11/7/2019 | $15,300,000 |
See trends for nearby markets
The Chandler office market contains an inventory of 10,083,990 square feet of office space, in 286 buildings that are equal to or larger than 25,000 square feet.
This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Chandler commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.