Scottsdale Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Scottsdale is $34.51 per square foot, 9.33% higher compared to the previous year.
  • The average sale price for office space in Scottsdale is $241.14 per square foot, marking an increase of 32.43% compared to 2024.
  • The market’s vacancy rate stands at 13.00%, lower than the state average of Arizona, which is 15.66%.
  • 220,000 square feet is currently under construction.

2025 Office Space Rent & Sales

  • $34.51 2025 Avg. Asking Rent
  • 9.33% Y-o-Y Avg. Asking Rent Change
  • 13.00% 2025 Office Vacancy Rate
  • $436.6M2025 Total Office Sales
  • $241.14Avg. Sale Price/SF

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

Average asking rents for office space here stand at $34.51 per square foot. The local office market recorded an average vacancy rate of 13.00% in 2025, unchanged from 13.00% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $436.6M across 18 sales. These transactions commanded an average sale price per square foot of $241.14.

Scottsdale, AZ Office Asking Rents by Class

What is the average office rent per square foot by property class in Scottsdale?

  • Avg. Asking Rent Class A & A+$37.03
  • Avg. Asking Rent Class B$28.29

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.

Scottsdale, AZ Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Scottsdale was Scottsdale - North at 6.78%. Meanwhile, the highest office vacancy rate in the market was 33.51%, recorded in Phoenix - Desert View.
Submarket Asking Rents Vacancy Rates
Scottsdale - South $39.36 20.76%
Phoenix - Desert View $33.65 33.51%
Phoenix - Paradise Valley Village $33.36 10.59%
Scottsdale - Airpark $32.85 10.59%
Scottsdale - Shea Corridor $32.36 12.51%
Scottsdale - North $27.66 6.78%
Data provided by Yardi Research

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2025 Office Sales Volume

  • $241.142025 Avg. Price per SF
  • 32.43%Y-o-Y Avg. PpSF Change
  • $436.6M2025 Office Sales Volume
  • 182025 Number of Transactions

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

Average sale prices for office space in this market recorded a +32.43% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $241.14 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.

Scottsdale, AZ Sale Price per SF Trend

  • Scottsdale Avg. Sale Price per SF in 2025$241.14
  • Arizona Avg. Sale Price per SF in 2025$166.50

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

The local office market recorded 18 deals in 2025, adding up to a yearly sales volume of $436.6M.

  • Scottsdale, AZ Total Office Sales Volume in 2025 $436.6M
  • Scottsdale, AZ Total Number of Office Sales Closed in 2025 18

What were the largest office building sales in Scottsdale in 2025?

The market’s largest transaction last year was the sale of Axis Raintree for $70,710,890 on 10/24/2025.
The next-highest sale was the transaction involving Scottsdale Centre, which traded for $44,580,000. The third-largest transaction was the sale of Square, The for $40,800,000.

Property name Address Date Price
Axis Raintree 8605 East Raintree Drive 10/24/2025 $70,710,890
Scottsdale Centre 7373 North Scottsdale Road 6/6/2025 $44,580,000
Square, The 6991 East Camelback Road 8/15/2025 $40,800,000
Element @ Kierland 14614 North Kierland Blvd 3/7/2025 $18,479,490
Skyport Scottsdale 7600 East Redfield Road 8/29/2025 $17,500,000
Data provided by Yardi Research

2025 Office Construction in Scottsdale, AZ

  • Scottsdale, AZ Total SF completed in 2025 97,538
  • Scottsdale, AZ Total SF under construction in 2026 220,000

How much office space was built in Scottsdale in 2025?

97,538 square feet of new office space was delivered across the market in the previous year. New construction included 1 properties, with an average new property size of 97,538 square feet.

Looking forward, development activity in 2026 is estimated to add 220,000 square feet of office space to the market in total.

What are the largest recent office completions in Scottsdale?

The largest recent office completion here is SkySong 6 at 338,200 square feet, completed in 2023. The next largest completions are Axis Raintree and Scottsdale Quarter.

Office building Address SF Completed
Sierra Bloom - Arizona Sports Medicine Center 9075 East Horseshoe Road, 85258 34,000 2026
One Scottsdale Medical 20159 North Scottsdale Road, 85255 101,136 2024
SkySong 6 SEC Scottsdale Road & McDowell Road, 85257 338,200 2023
Cavasson 2 18655 North Claret Drive, 85255 150,000 2023
Algodon Medial Center - A NE Loop 101 & Thomas Rd, 85037 27,760 2023
Axis Raintree 8605 E Raintree Drive, 85260 179,360 2021
Scottsdale Quarter 15059 N Scottsdale Road, 85254 169,189 2015
Skysong 4 1355 N. Scottsdale Rd., 85257 145,000 2015
SkySong 3 1365 North Scottsdale Road, 85257 145,000 2014
Scottsdale Quarter 15147 N Scottsdale Road, 85254 120,500 2010
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.