Highlights
- The average rent for office space in Gilbert is $26.14 per square foot, 7.40% higher compared to the previous year.
- The market’s vacancy rate stands at 12.13%, lower than the state average of Arizona, which is 15.66%.
- 68,000 square feet is currently under construction.
2025 Office Space Rent & Sales
- $26.14 2025 Avg. Asking Rent
- 7.40% Y-o-Y Avg. Asking Rent Change
- 12.13% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Gilbert?
Average asking rents for office space here stand at $26.14 per square foot. The local office market recorded an average vacancy rate of 12.13% in 2025, unchanged from 12.13% in 2024.
Gilbert, AZ Office Asking Rents by Class
What is the average office rent per square foot by property class in AZ?
- Avg. Asking Rent Class A & A+$33.55
- Avg. Asking Rent Class B$24.49
- Avg. Asking Rent Class C$19.85
For comparison, the average rent for Class A and A+ office space in Arizona was $33.55 per square foot. The state-wide average for Class B space was $24.49 per square foot, and Class C office spaces averaged $19.85 per square foot.
Gilbert, AZ Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Chandler | $29.36 | 13.73% |
| Gilbert | $26.39 | 12.40% |
| Mesa | $23.18 | 16.01% |
2025 Office Construction in Gilbert, AZ
- Gilbert, AZ Total SF completed in 2025 120,294
- Gilbert, AZ Total SF under construction in 2026 68,000
How much office space was built in Gilbert in 2025?
Looking forward, development activity in 2026 is estimated to add 68,000 square feet of office space to the market in total.
What are the largest recent office completions in Gilbert?
The largest recent office completion here is Rivulon at 150,000 square feet, completed in 2015. The next largest completions are 971 N Gilbert Rd and Ethan Plaza.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Verde Medical Center | 3875 E. Williams Field Rd , 85295 | 37,278 | 2020 |
| 5555 E Baseline Rd | 5555 E Baseline Rd, 85206 | 8,876 | 2019 |
| 100 North Gilbert road Suite 201 | 100 North Gilbert road, 85233 | 461 | 2017 |
| 1460 W Elliot Rd # 104 | 1460 W Elliot Rd # 104, 85233 | 11,246 | 2016 |
| Rivulon | 155 E. Rivulon Blvd., 85297 | 150,000 | 2015 |
| 971 N Gilbert Rd | 971 N Gilbert Rd, 85234 | 76,979 | 2008 |
| Ethan Plaza | 706 North McQueen Road, 85233 | 51,383 | 2008 |
| 1482 E Williams Field Rd, Ste 101 & 104 | 1482 E Williams Field Rd, Ste 101 & 104, 85295 | 6,015 | 2008 |
| Offices at SanTan Village | 2218 E Williams Field, 85295 | 22,185 | 2007 |
| 690 E Warner Rd, Bldg 9 | 690 E Warner Rd, Bldg 9, 85296 | 5,271 | 2007 |
See reports for other markets
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- Scottsdale Office Rent Price
- Tempe Office Rent Price
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- Mesa Office Rent Price
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.