Chandler, AZ Office Overview
The Chandler real estate market includes the Chandler Airport, College Park, and Lone Butte Ranch submarkets. Adjacent to both Mesa and Tempe, Chandler is home to just under 250,000 residents, it is also part of the Greater Phoenix Metro Area, which is home to over 4.5 million people. A diverse mix of business and industry create consistent demand for Class A office space in Chandler.
As of mid-2017, the Chandler market encompasses nearly 7 million square feet of existing office space in properties larger than 50,000 square feet. Demand is driven in large part by the numerous high technology companies that are located in the area.
Chandler, AZ Office Inventory Description
With companies such as Intel and Orbital ATK within the city limits, the demand for office space in Chandler remains strong and steady. Roughly 56% of the over 50,000 square-foot office inventory is Class A or A+, while Class B product adds another 43% to the market.
One of the submarkets that sees consistently robust demand for space is The Springs market. Located south of the Santan Freeway (State Route 202) between South Gilbert Road and South McQueen Road, this area is home to newer, Class A properties such as the Chandler Airport Center II, the Mach One I building, and the Allred Airport Center II at 2150 East Germann Road.
Chandler, AZ Commercial Inventory Breakdown
Office Spaces
Total: 15,139,329 SF
By square footage range:
- 50k to 100k SF: 3,414,169 SF / 22.55% of total office
- 100k to 500k SF: 11,125,160 SF / 73.49% of total office
- 500k to 1M SF: 600,000 SF / 3.96% of total office
By class:
- Class A: 5,195,887 SF / 34.32% of total office
- Class B: 3,885,210 SF / 25.66% of total office
- Class C: 238,783 SF / 1.58% of total office
Top 10 Largest Office Buildings
in Chandler
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Chandler 101 | 2919 West Chandler Blvd, 85224 | 520,000 | n/a |
| Continuum | 2501 South Price Road, 85286 | 463,658 | 1986 |
| Allred Park Place - Building 11 | 1200 South Spectrum Blvd, 85286 | 400,000 | n/a |
| Allred Park Place - Building 12 | 1200 South Spectrum Blvd, 85286 | 400,000 | n/a |
| Allred Park Place – Building 17 | 1575 South Price Road, 85286 | 354,579 | 2019 |
| Wells Fargo Center - Building G | NWC West Queen Creek Road & South Price Road, 85286 | 350,000 | n/a |
| Wells Fargo Center - Building F | NWC West Queen Creek Road & South Price Road, 85286 | 350,000 | n/a |
| The Santan - Phases II & III | 1004 South Alma School Road, 85210 | 341,300 | n/a |
| Continuum at Dobson Road | NWC West Queen Creek Road & South Dobson Road, 85286 | 300,000 | n/a |
| The Hub | 2701 East Ryan Road, 85286 | 292,000 | 2009 |
Most Recently-Built Office Buildings
in Chandler
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Allred Park Place – Building 17 | 1575 South Price Road, 85286 | 354,579 | 2019 |
| 2625 at Chandler Freeway Crossing | 2625 West Geronimo Place, 85224 | 153,370 | 2019 |
| Allred Park Place - Building 16 | 1700 South Price Road, 85286 | 151,359 | 2019 |
| Allred Park Place - Building 15 | 1650 South Price Road, 85286 | 120,000 | 2019 |
| One Chandler Corporate Center - Phase I | 350 North McClintock Drive, 85226 | 117,176 | 2018 |
| The Stearman | 2425 South Stearman Drive, 85286 | 65,000 | 2018 |
| Walgreens Pharmacy Operations Support Center | 2225 South Price Road, 85286 | 66,756 | 2017 |
| Mach One I | 2222 East Yeager Drive, 85286 | 105,000 | 2016 |
| Mach One II | 2290 East Yeager Drive, 85286 | 102,121 | 2016 |
| Chandler Corporate Center IV | 4100 West Galveston Street, 85226 | 85,797 | 2016 |
Chandler, AZ Green Office Space
In a desert climate region like Southwestern Arizona, the advantages of energy-efficient, green workspaces are becoming abundantly clear. Nearly 13% of the over 50,000 square-foot offices in the city are considered green, contributing almost 1.2 million square feet of green space to the market.
A great example of a LEED-certified building is the Chandler Corporate Center I. With nearly 68,000 square feet of office space, this property is located in the Twelve Oaks commmercial real estate submarket, was built in 2008 and holds a LEED Silver certification.
As part of the Phoenix metro area, the city has helped to make the Phoenix market 21st for green office space among the top 30 markets in the U.S. The most recent National Green Building Adoption Index (2017) has noted that over the past 12 years, the percentage of green workspaces in these top markets has increased by nearly 33%.
Chandler, AZ's Top Office-Using Sectors
The Chandler commercial real estate market sees consistent demand for space from a variety of top office-using sectors, including healthcare, high technology & aerospace, financial services, and light manufacturing.
- Healthcare – organizations such as the Chandler Regional Medical Center, Apria Healthcare, Healthways, and Oasis Behavioral Health Hospital.
- High Technology & Aerospace – includes firms such as Intel, Verizon Wireless, NXP, Orbital ATK, and Microchip Technology.
- Financial Services – Wells Fargo, Bank of America, and PayPal generate white-collar employment in the city.
- Light Manufacturing – companies such as Avnet, Arizona Nutritional Supplements, Pearson Education, and Ultra Clean Technology.
Chandler Demographics
Population
- Total Population245,160
- Male Population(49.6 %) 121,703
- Female Population(50.4 %) 123,457
- Median Age35.30
Income/Financial
- Average Household Income$97,033
- Median Household Income$77,278
- Median Income Under 25$36,086
- Median Income 25-44$83,155
- Median Income 45-64$91,103
- Median Income Over 65$50,443
News
Hines, a privately-held real estate firm, has placed the last concrete beam atop The Offices at Chandler Viridian. Upon completion, scheduled for November 2018—per Yardi Matrix data—the six-story mid-rise will be the tallest multi-tenant office building in Chandler, Ariz. “Hines has seen the t...
The El Dorado Tech Center in Gilbert, Ariz., an office building 100% leased to GoDaddy.com, has a new owner. Arch Street Capital Advisors, a real estate investment advisory firm, has recently announced the acquisition of the property on behalf of an institutional client. According to Yardi Mat...
Amazon’s search for a new home has stirred up city officials and developers across the country, and 238 applicants across North America have expressed interest in housing the company’s next headquarters. Of course, the retail giant has a few requirements: the chosen metropolitan area should idea...
Cities near Chandler, AZ
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