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Peoria Office Rent Price & Sales Report

2021 Office Space Rent & Sales

  • $25.01 2021 Avg. Asking Rent
  • 0.87% Y-o-Y Avg. Asking Rent Change
  • 8.25% 2021 Office Vacancy Rate

Peoria office price per square foot in 2021 was $25.01 on average. This marked a +0.87% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 8.25% across all asset classes combined.

Average Rent by Office Class

2021 Average Office Rent per Square Foot

  • Peoria Class A & A+ Office Space$24.59
  • Peoria Class B Office Space$25.25
  • Arizona Class A & A+ Office Space$31.36
  • Arizona Class B Office Space$24.53
  • Arizona Class C Office Space$18.66

Peoria, AZ Office Asking Rents by Class

Office Spaces for Rent in Arizona

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Coworking Spaces in Arizona

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2021 Office Construction in Peoria, AZ

  • Peoria, AZ Total SF under construction in 2022 43,873
Largest Office Properties Recently Completed in Peoria
Office building Address SF Completed
Plaza Town Center Professional Plaza 9139 W Thunderbird Rd, 85381 28,978 2007
Northpointe Corporate Center 9220 W Union Hills Dr, 85382 4,600 2007
9192 W Union Hills Dr 9192 W Union Hills Dr, 85382 4,588 2007
9192 W Union Hills Dr 9192 W Union Hills Dr, 85382 4,588 2007
Thunderbird Wellness Centre 6750 West Thunderbird Road, 85381 56,413 2006
Arrowhead Business Park 8765 W. Kelton Lane Building C1, 85382 5,458 2006
9200 W Union Hills Dr 9200 W Union Hills Dr, 85382 4,588 2006
9200 W Union Hills Dr 9200 W Union Hills Dr, 85382 4,588 2006
Northpointe Corporate Center 9240 W Union Hills Dr, Ste 100, 85382 4,588 2006
8765 W Kelton Ln 8765 W Kelton Ln, 85382 3,535 2006

Worth noting among recent office completions on the Peoria market is Plaza Town Center Professional Plaza, which is currently the largest new office development in the city, at 28,978 square feet.

Data provided by Commercial Edge

See reports for other markets

  • Phoenix Office Rent Price
  • Scottsdale Office Rent Price
  • Tempe Office Rent Price
  • Mesa Office Rent Price
  • Chandler Office Rent Price
  • Gilbert Office Rent Price
  • Glendale Office Rent Price
  • Goodyear Office Rent Price
  • Surprise Office Rent Price
  • Sun City Office Rent Price
  • Sun City West Office Rent Price
  • Chicago Office Rent Price
  • San Antonio Office Rent Price
  • New York City Office Rent Price
  • Houston Office Rent Price
  • Dallas Office Rent Price

This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2021 through December 31st 2021. Construction pipeline data represented herein is valid as of April 2022. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Peoria 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.

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