Highlights
- The average rent for office space in Peoria is $29.93 per square foot, 3.70% higher compared to the previous year.
- The market’s vacancy rate stands at 19.05%, higher than the state average of Arizona, which is 15.66%.
- 30,178 square feet is currently under construction.
2025 Office Space Rent & Sales
- $29.93 2025 Avg. Asking Rent
- 3.70% Y-o-Y Avg. Asking Rent Change
- 19.05% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Peoria?
Average asking rents for office space here stand at $29.93 per square foot. The local office market recorded an average vacancy rate of 19.05% in 2025, unchanged from 19.05% in 2024.
Peoria, 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.
2025 Office Construction in Peoria, AZ
- Peoria, AZ Total SF completed in 2025 100,000
- Peoria, AZ Total SF under construction in 2026 30,178
How much office space was built in Peoria in 2025?
Looking forward, development activity in 2026 is estimated to add 30,178 square feet of office space to the market in total.
What are the largest recent office completions in Peoria?
The largest recent office completion here is 14100 N 83rd Ave at 45,701 square feet, completed in 2005. The next largest completions are 14050 N 83rd Ave and Bell American Plaza.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Plaza Town Center Professional Plaza | 9139 W Thunderbird Rd, 85381 | 28,978 | 2007 |
| NORTHPOINTE Corporate Center A 103 | 9200 West Union Hills Drive, 85382 | 1,147 | 2006 |
| 14100 N 83rd Ave | 14100 N 83rd Ave, 85381 | 45,701 | 2005 |
| 14050 N 83rd Ave | 14050 N 83rd Ave, 85381 | 45,701 | 2005 |
| 8765 W Kelton Ln, Bldg B1E, Ste 116 | 8765 W Kelton Ln, Bldg B1E, Ste 116, 85382 | 1,350 | 2005 |
| 8765 W Kelton Ln, Bldg B1E, Ste 116 | 8765 W Kelton Ln, Bldg B1E, Ste 116, 85382 | 1,350 | 2005 |
| Bell American Plaza | 7111 West Bell Road, 85308 | 36,010 | 2002 |
| Bell American Plaza | 7111-7121 W Bell Rd, 85308 | 23,834 | 2002 |
| Plaza Medical & Research Center | 13128 North 94th Drive, 85381 | 33,688 | 2000 |
| Arrowhead Business Center | 7055 W Bell Road, 85308 | 21,019 | 2000 |
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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.