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)
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
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 |
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 |
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.