2024 Office Space Rent & Sales
- $28.86 2024 Avg. Asking Rent
- 1.45% Y-o-Y Avg. Asking Rent Change
- 17.05% 2024 Office Vacancy Rate
Peoria office price per square foot in 2024 was $28.86 on average. This marked a +1.45% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 17.05% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Arizona Class A & A+ Office Space$33.12
- Arizona Class B Office Space$24.39
- Arizona Class C Office Space$18.69
Peoria, AZ Office Asking Rents by Class
Office Spaces for Rent in Arizona
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2024 Office Construction in Peoria, AZ
- Peoria, AZ Total SF under construction in 2025 100,000
| Office building | Address | SF | Completed |
|---|---|---|---|
| Plaza Town Center Professional Plaza | 9139 W Thunderbird Rd, 85381 | 28,978 | 2007 |
| Plaza Town Center B101-103 | 9179 W Thunderbird Rd #101-103, 85381 | 2,303 | 2006 |
| 14050 N 83rd Ave | 14050 N 83rd Ave, 85381 | 45,701 | 2005 |
| 14100 N 83rd Ave | 14100 N 83rd Ave, 85381 | 45,701 | 2005 |
| Greenway Medical & Professional | 15182 North 75th Avenue, 85381 | 37,001 | 2004 |
| Plaza Medical & Research Center | 13128 North 94th Drive, 85381 | 33,688 | 2000 |
| Arrowhead Business Center | 7055 W Bell Road, 85308 | 21,019 | 2000 |
| 6739 West Cactus Road | 6739 West Cactus Road, 85345 | 15,120 | 2000 |
| 9051 W Kelton Ln | 9051 W Kelton Ln, 85382 | 35,622 | 1999 |
| Arrowhead Fountains Center | 16150 N Arrowhead Fountain Center Drive, 85382 | 99,000 | 1998 |
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.
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. 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.