Glendale Office Market Trends

Office Rental Market

  • $24.50 2019 Avg. Asking Rent
  • 9.03 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 127,243 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Glendale was $24.50 per square foot, and the office vacancy rate across the market averaged 9.03 %. During 2019, developers added 0 square feet of new office space to the Glendale market inventory. Office developments estimated for delivery during 2020 total 127,243 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Glendale Class A Office Buildings$30.11
  • Glendale Class B Office Buildings$22.55
  • Glendale Class C Office Buildings$20.00
  • AZ Class A Office Buildings$31.21
  • AZ Class B Office Buildings$22.48
  • AZ Class C Office Buildings$17.99

Glendale, AZ Office Asking Rents by Class

Office asking rents vary across the Glendale office market depending on several factors, one of which is property class. While rents for Class A office buildings in Glendale averaged $30.11 per square foot in 2019, Class B office properties garnered average rental rates of $22.55 per square foot. Rental rates for Class C office property in Glendale averaged $20.00 per square foot. On a statewide level, Class B office space rents averaged $22.48 per square foot, while rents for Class A office space across Arizona averaged $31.21 per square foot. On average, Class C office properties in Arizona commanded rents of $17.99 per square foot.

OFFICE CONSTRUCTION IN Glendale, AZ

  • Glendale, AZ Total Sqft completed in 2019 0
  • Glendale, AZ Total Sqft under construction in 2020 127,243
10 Largest Office Buildings in Glendale
Building name Address Total Sqft Year built
Brookwood Commerce Centre 4425 West Olive Avenue, 85302 209,174 1974
5353 West Bell Road 5353 West Bell Road, 85308 206,155 1981
Talavi Tech Center 5551 West Talavi Blvd, 85306 185,000 1993
Westgate 6751 North Sunset Boulevard, 85305 167,140 2007
Westgate Office - East 6770 North Sunrise Blvd, 85305 167,140 2006
Westgate Office - West 6751 North Sunset Blvd, 85305 167,140 2006
Talavi Corporate Center 5651 West Talavi Blvd, 85306 152,936 2001
Glendale Corporate Center - Buildings A & B 5323 North 99th Avenue, 85305 129,500 2008
Thunderbird Medical Plaza 5310 West Thunderbird Road, 85306 109,499 1974
Humana Building 8990 West Glendale Avenue, 85305 106,418 2008
Largest Office Properties Recently Completed in Glendale
Office building Address Sqft Completed
Credit Union West Corporate Center 10150 West Desert River Blvd, 85305 80,000 2018
St. Joseph’s Westgate Medical Center - Medical Office Building 7330 North 99th Avenue, 85305 59,894 2016
HonorHealth Medical Group - Glendale Health Center 6220 West Bell Road, 85308 28,057 2015
7326 North Glen Harbor Blvd 7326 North Glen Harbor Blvd, 85307 52,330 2014
Glendale Corporate Center - Buildings A & B 5323 North 99th Avenue, 85305 129,500 2008
Humana Building 8990 West Glendale Avenue, 85305 106,418 2008
Brookside Office Park 11851 North 51st Avenue, 85304 50,762 2008
Arrowhead Professional Office Park 16222 North 59th Avenue, 85306 40,000 2008
Westgate Corporate Center 6622 North 91st Avenue, 85305 38,333 2008
11851 North 51st Avenue 11851 North 51st Avenue, 85304 50,762 2008
Data provided by Commercial Edge

Office Spaces for Rent in Arizona

See trends for nearby markets

The Glendale office market contains an inventory of 3,363,383 square feet of office space, in 147 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 Glendale 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.