Chandler Office Market Trends

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)
In 2019, the average asking rent for office space in Chandler was $26.78 per square foot, and the office vacancy rate across the market averaged 10.54 %. During 2019, developers added 1,028,525 square feet of new office space to the Chandler market inventory. Office developments estimated for delivery during 2020 total 561,794 square feet.

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
10 Largest Office Buildings in Chandler
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
Largest Office Properties Recently Completed in Chandler
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
Data provided by Commercial Edge

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
Data provided by Commercial Edge

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.