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5,027 Commercial Real Estate Listings in Phoenix, AZ

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Phoenix, AZ Commercial Real Estate

There are currently 5,033 commercial listings available in Phoenix, AZ. These listings include 2,419 commercial spaces that encompass a total of 23,222,663 square feet. Available commercial spaces in Phoenix, AZ range in size from 0 square feet to 353,094 square feet. A total of 3,974 off-market commercial properties located in Phoenix, AZ are also available for research.

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Phoenix, AZ Commercial Real Estate Market Overview

Location Photo

Phoenix is a sprawling city in the Sonoran Desert that boasts 320 days of sunshine and exceptional warm-weather activities. Here, the valley is growing out, as well as up, and the downtown is revitalizing. In fact, the entire region is quickly becoming a hub for tech companies that come looking for cheaper space and young talent. But don’t let the heat fool you. The valley offers world-class amenities, entertainment and food, while still maintaining its distinct western and Native American heritage.

Phoenix, AZ Commercial Inventory Breakdown

In 2022 the Phoenix, AZ commercial real estate market totaled 74,046,016 square feet of office spaces, 35,279,599 square feet of office spaces with retail, and 131,158,110 square feet of industrial space.

Office Spaces

Total: 74,046,016 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 17,686,712 SqFt 23.89% of total office
100k to 500k SqFt 43,097,186 SqFt 58.2% of total office
500k to 1M SqFt 5,172,118 SqFt 6.99% of total office
> 1M SqFt 8,090,000 SqFt 10.93% of total office
By class:
Class A 27,707,836 SqFt 37.42% of total office
Class B 30,880,634 SqFt 41.7% of total office
Class C 1,569,911 SqFt 2.12% of total office
Roughly 6.99% of the total office space in Phoenix, AZ is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 23.89% of the office inventory.

Class A office space holds a 37.42% share of the overall Phoenix, AZ office market, while Class B office assets make up approximately 41.7%.

Industrial

Total: 131,158,110 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 21,774,167 SqFt 16.6% of total industrial
100k to 500k SqFt 71,825,235 SqFt 54.76% of total industrial
500k to 1M SqFt 17,860,403 SqFt 13.62% of total industrial
> 1M SqFt 19,698,305 SqFt 15.02% of total industrial
By class:
Class A 58,877,048 SqFt 44.89% of total industrial
Class B 53,221,940 SqFt 40.58% of total industrial
Class C 6,754,794 SqFt 5.15% of total industrial
There are 71,825,235 square feet of commercial real estate properties between 100k to 500k square feet, representing 54.76% of the Phoenix, AZ industrial inventory. Class A assets total 58,877,048 square feet of industrial space, with an additional 53,221,940 square feet of Class B and 6,754,794 square feet of Class C properties.

Office Spaces with Retail

Total: 35,279,599 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 10,692,334 SqFt 30.31% of total office with retail
100k to 500k SqFt 20,689,008 SqFt 58.64% of total office with retail
500k to 1M SqFt 2,698,257 SqFt 7.65% of total office with retail
> 1M SqFt 1,200,000 SqFt 3.4% of total office with retail

Phoenix, AZ Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Phoenix, AZ Office 482 12,794,119
Phoenix, AZ Retail 309 3,249,408
Phoenix, AZ Industrial 225 6,389,868
Phoenix, AZ Other 1,196 23,391,775
Ofice Icon

482

Office

Industrial Icon

225

Industrial

Retail Icon

309

Retail

Current local active listing encompass 45,825,170 square feet of commercial space for lease in Phoenix. There are 482 active office listings, which amount to 12,794,119 square feet and account for 21% of commercial spaces on the market. Local retail availability includes 3,249,408 square feet across 309 listings. Current industrial offerings on the market amount to 6,389,868 square feet across a total of 225.

Employment in Phoenix, AZ

Employed Population 845,269

Employed population - Industry % Distribution

Management, business, science, and arts occupations

36%

Sales and office occupations

23%

Service occupations

18%

Production, transportation, and material moving occupations

13%

Natural resources, construction, and maintenance occupations

10%

In 2020, roughly 36% of a total of 845,269 employed in Phoenix worked in Management, business, science, and arts occupations, followed by 23% in Sales and office occupations and 18% in Service occupations.

Income per capita $30,686  Median household income $60,931

Household income

41%

Under $50k

32%

$50k - $100k

20%

$100k - $200k

7%

Over $200k

The median household income in Phoenix stands at $60,931, with per capita income at $30,686. Households earning between $50k and $100k represent 32% of the total, while those earning over $200k make up 7%. Approximately 41% of Phoenix households earn less than $50k per year.

Commuting in Phoenix, AZ

Mean travel time to work 27 minutes

Means of transportation to work

75.30%

Driving alone

11.40%

Carpool

2.90%

Public transit

0.50%

Bicycle

1.50%

Walking

2.00%

Other

6.40%

Work at Home

*Universe: Workers 16 and over

Education in Phoenix, AZ

High school grad or higher 82%

Bachelor's degree or higher 29%

Population by minimum level of education

18%

No degree

24%

High school

30%

Some College

18%

Bachelor's

10%

Post-grad

*Universe: Workers 25 and over

An estimated 82% of Phoenix residents aged 25 or over hold a high school degree or higher. Of those, 24% are high school graduates, 30% attended some college, 18% earned a bachelor's degree, with an additional 10% holding post-graduate degrees.

Phoenix, AZ Demographics

As of 2020, Phoenix had a total population of 1,680,988, with a median age of 34.40 years. Roughly 68.00% of the total population was between the ages of 16 and 64 years old.