Mesa Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Mesa is $23.25 per square foot, 0.75% higher compared to the previous year.
  • The market’s vacancy rate stands at 16.15%, higher than the state average of Arizona, which is 15.66%.

2025 Office Space Rent & Sales

  • $23.25 2025 Avg. Asking Rent
  • 0.75% Y-o-Y Avg. Asking Rent Change
  • 16.15% 2025 Office Vacancy Rate
  • $54.6M2025 Total Office Sales
  • $221.72Avg. Sale Price/SF

What is the average asking rent price for office space in Mesa?

Average asking rents for office space here stand at $23.25 per square foot. The local office market recorded an average vacancy rate of 16.15% in 2025, unchanged from 16.15% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $54.6M across 4 sales. These transactions commanded an average sale price per square foot of $221.72.

Mesa, 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.

Mesa, AZ Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Mesa was Gilbert at 12.40%. Meanwhile, the highest office vacancy rate in the market was 16.01%, recorded in Mesa.
Submarket Asking Rents Vacancy Rates
Gilbert $26.39 12.40%
Mesa $23.18 16.01%
Data provided by Yardi Research

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2025 Office Sales Volume

  • $221.722025 Avg. Price per SF
  • -8.71%Y-o-Y Avg. PpSF Change
  • $54.6M2025 Office Sales Volume
  • 42025 Number of Transactions

What is the average sale price per square foot for office space in Mesa?

Average sale prices for office space in this market recorded a -8.71% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $221.72 per square foot. For comparison, the statewide Arizona average during the same time period stood at $166.50 per square foot, while the national average was $182.48 per square foot.

Mesa, AZ Sale Price per SF Trend

  • Mesa Avg. Sale Price per SF in 2025$221.72
  • Arizona Avg. Sale Price per SF in 2025$166.50

What was the total office sales volume in Mesa in 2025?

The local office market recorded 4 deals in 2025, adding up to a yearly sales volume of $54.6M.

  • Mesa, AZ Total Office Sales Volume in 2025 $54.6M
  • Mesa, AZ Total Number of Office Sales Closed in 2025 4
Data provided by Yardi Research

Office Construction in Mesa, AZ

What are the largest recent office completions in Mesa?

The largest recent office completion here is Union at 239,411 square feet, completed in 2021. The next largest completions are 4215 E McDowell Rd and Canyon Springs Medical Plaza.

Office building Address SF Completed
The Residences on Main 424 W Main St, 85201 19,923 2025
Union 2046 W. Riverview Auto Dr., 85201 239,411 2021
2942 N Greenfield Rd 2942 N Greenfield Rd, 85215 2,935 2019
2045 S Vineyard, Bldg 2E, Ste 136 2045 S Vineyard, Bldg 2E, Ste 136, 85210 3,395 2016
2045 S Vineyard, Bldg 2E, Ste 136 2045 S Vineyard, Bldg 2E, Ste 136, 85210 3,395 2016
1010 S Crismon Rd 1010 S Crismon Rd, 85208 5,050 2015
2045 S Vineyard, Bldg 1E, Ste 115 2045 S Vineyard, Bldg 1E, Ste 115, 85210 3,744 2009
2045 S Vineyard, Bldg 1E, Ste 115 2045 S Vineyard, Bldg 1E, Ste 115, 85210 3,744 2009
4215 E McDowell Rd 4215 E McDowell Rd, 85215 152,909 2007
Canyon Springs Medical Plaza 2940 East Banner Gateway Drive, 85234 91,957 2007
Data provided by Yardi Research

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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.