Mesa, AZ Office Overview
The Mesa real estate market includes the Alta Mesa, Dobson Ranch, and Falcon Field submarkets. While the city proper is home to over 480,000 residents, Mesa is also part of the much larger Phoenix metropolitan area, which is home to over 4.5 million people. Located between the neighboring cities of Tempe, Chandler and Gilbert, the city is home to a diverse mix of businesses of all sizes that sustain the demand for Class A space in the area.
As of mid-2017, the Mesa market encompasses nearly 4.2 million square feet of existing office space in properties larger than 50,000 square feet. As the third-largest city in the State of Arizona, there is a steady, predictable demand for commercial real estate here.
Mesa, AZ Office Inventory Description
A variety of industry sectors create demand for white collar labor in Mesa, including the growing high-technology sector, aerospace, light manufacturing, and healthcare. The city does its part in contributing to the Phoenix metro area's gross annual metropolitan product of almost $209 billion.
One of the submarkets that sees consistently strong demand from both tenants and investors alike is Superstition Springs. Located north and south of State Route 60 and just west of the Loop 202, this area is home to newer, investment-grade buildings such as the Superstition Springs Center on South Clearview Avenue, the Superstition Springs Business and Office Park - Westwind Terrace, and the Village at Superstition Springs at 6642 E. Baseline Road.
Mesa, AZ Commercial Inventory Breakdown
Office Spaces
Total: 9,262,726 SF
By square footage range:
- 50k to 100k SF: 3,663,448 SF / 39.55% of total office
- 100k to 500k SF: 4,099,278 SF / 44.26% of total office
- > 1M SF: 1,500,000 SF / 16.19% of total office
By class:
- Class A: 1,586,922 SF / 17.13% of total office
- Class B: 3,945,627 SF / 42.6% of total office
- Class C: 261,177 SF / 2.82% of total office
Top 10 Largest Office Buildings
in Mesa
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Project Red Hawk | NWC East Elliot Road & South Sossaman Road, 85212 | 1,500,000 | n/a |
| The Union at Riverview - Building D | NWC Riverview Auto Drive and Cubs Way, 85201 | 450,000 | n/a |
| The Union at Riverview - Building C | NWC Riverview Auto Drive and Cubs Way, 85201 | 337,500 | n/a |
| The Union at Riverview - Building B | NWC Riverview Auto Drive and Cubs Way, 85201 | 337,500 | n/a |
| Banner Corporate Center | 525 West Brown Road, 85201 | 254,000 | 2009 |
| Pierpont Commerce Center | 4838 East Baseline Road, 85206 | 241,432 | 2002 |
| The Union at Riverview - Building A | NWC Riverview Auto Drive and Cubs Way, 85201 | 238,348 | 2020 |
| Fiesta Corporate Campus | 1465 West Southern Avenue, 85202 | 159,211 | n/a |
| Odyssey Professional Park | 2045 South Vineyard, 85210 | 140,747 | 2008 |
| Mesa Elliot Technology Park - Building E | NEC East Elliot Road & East Peterson Avenue, 85212 | 132,000 | n/a |
Most Recently-Built Office Buildings
in Mesa
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Centrica | 1550 West Southern Avenue, 85202 | 116,982 | 2015 |
| Waypoint 3 | 1150 North Alma School Road, 85201 | 108,956 | 2015 |
| 1705 West Main Street | 1705 West Main Street, 85201 | 42,508 | 2013 |
| 120 West 1st Avenue | 120 West 1st Avenue, 85210 | 95,186 | 2012 |
| Banner Gateway Medical Pavilion | 1920 North Higley Road, 85234 | 30,774 | 2011 |
| Banner Corporate Center | 525 West Brown Road, 85201 | 254,000 | 2009 |
| Odyssey Professional Park | 2045 South Vineyard, 85210 | 140,747 | 2008 |
| Waypoint 2 | 1146 North Alma School Road, 85201 | 83,264 | 2008 |
| Waypoint 1 | 1138 North Alma School Road, 85201 | 81,597 | 2008 |
| Canyon Springs Medical Plaza | 2940 East Banner Gateway Drive, 85234 | 91,957 | 2007 |
Mesa, AZ Green Office Space
The Phoenix metro area is one of the top 30 markets in the U.S. The 2017 National Green Building Adoption Index surveyed these markets for the percentage of energy-efficient, green office space. The Phoenix metro area came in 21st on the list for green building adoption.
The environmental and financial benefits of green office space to both tenants and office buildings investors is becoming clearer as the years go by. In Mesa, an excellent example of a green office building is the nearly 83,000-square-foot Stapley Center on 1630 South Stepley Drive. Built in 2000, this Class A property is located in the Powell Estates submarket and holds an EPA Energy Star rating.
Mesa, AZ's Top Office-Using Sectors
The demand for office space in Mesa is created by a variety of top business sectors, including the healthcare, government, retail, and education industries.
- Healthcare – Demand for white-collar office space is created by organizations such as the Banner Health System and the numerous healthcare professionals that work within the system.
- Government – The City of Mesa and the Maricopa County Government are two of the largest office-using entities in this business sector.
- Retail – Walmart, Fry's Food and Drug, The Home Depot, and the nearly countless vendors that service these large retailers drive demand.
- Education – Demand for white-collar employment comes from educational institutions such as Mesa Public Schools, Gilbert Public Schools, Mesa Community College, and the Polytechnic Campus of Arizona State University.
FREQUENTLY ASKED QUESTIONS
How much does office space cost in Mesa, AZ?
The average office rental rate in Mesa, AZ is $18.8 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways.
What is the size of available office spaces in Mesa, AZ?
The Mesa, AZ office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 225,045 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Mesa, AZ is 90 square feet, while the maximum rentable space on the market now is 450,000 square feet.
How do I get office space in Mesa, AZ?
Start your search for office space in Mesa, AZ by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.
How many office listings are available in Mesa, AZ?
There are 199 office listings on the Mesa, AZ market.
Mesa Demographics
Population
- Total Population491,194
- Male Population(49.4 %) 242,731
- Female Population(50.6 %) 248,463
- Median Age35.90
Income/Financial
- Average Household Income$73,216
- Median Household Income$54,700
- Median Income Under 25$33,269
- Median Income 25-44$55,794
- Median Income 45-64$68,606
- Median Income Over 65$44,690
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