Phoenix, AZ Commercial Real Estate for Lease and Sale

Explore 1,284 listings of Phoenix commercial real estate to find the best space for your business.

Union Hills Centre Office Suites

3240 East Union Hills Drive, Paradise Valley Village, Phoenix, AZ
Property

Office

21,040 SF
Availability

3 Spaces

1,400 SF
Year Built

2006
For Lease Contact for pricing
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11225 North 28th Drive
Workstyle Flexible Spaces
11225 North 28th Drive 1st & 2nd Floor, Phoenix, AZ
Services

Private Office
Amenities

High-speed wifi

Lounge area

Office furniture

Premium coffee
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18441 N 25th Ave

18441 N 25th Ave, Deer Valley Village, Phoenix, AZ
Property

Office

4,809 SF
Availability

1 Space

1,744 SF
Year Built

2003
For Lease

$20.00/SF/YR
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Industrial Warehouse for Lease in Phoenix

4720 E Van Buren St, Camelback East, Phoenix, AZ
Property

Industrial

8,300 SF
Availability

1 Space

8,300 SF
For Lease

$1.40/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
Village Square Center - 4509 & 4511 East Cactus Road

4511 East Cactus Road, Paradise Valley Village, Phoenix, AZ
Property

Retail

38,813 SF
Availability

1 Space

1,000 SF
Year Built

1979
For Lease

$24.00/SF/YR
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Palm Court Business Center

2929 N 44th Street, East Phoenix, Phoenix, AZ
Property

Office

55,000 SF
Availability

6 Spaces

10,044 SF
Year Built

1982
For Lease

$18.00/SF/YR
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Opportunity for an Owner-User Developer or Value-Add Investor

North Mountain Corporate Center 10400 N 25th Ave, North Mountain Village, Phoenix, AZ
Property

Office

109,332 SF
Availability

1 Space

55,501 SF
For Lease Contact for pricing
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5225 South 31st Place

5225 South 31st Place, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

28,918 SF
Availability

1 Space

2,500 SF
Year Built

1988
For Lease Contact for pricing
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1315 East Gibson Lane

1315 East Gibson Lane, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

86,701 SF
Availability

2 Spaces

20,500 SF
Year Built

1980
For Lease Contact for pricing
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SWC 83rd Ave & Virginia Ave

SWC 83rd Ave & Virginia Ave, Maryvale, Phoenix, AZ
Property

VacantLand
For Sale

$0.01
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1915 N 16th St

1915 N 16th St, Encanto Village, Phoenix, AZ
Property

Office

4,340 SF
Year Built

1940
For Sale

$995,000
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2146 W Sherman St

2146 W Sherman St, Central City, Phoenix, AZ
Property

Industrial

4,200 SF
Availability

1 Space

4,200 SF
Year Built

1980
For Lease

$0.95/SF/MO
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Move-In Ready Office Space for Lease in Phoenix

Ahwatukee 48 15905-15915 S 46th St and 15920-15930 S 48th St , Ahwatukee Foothills, Phoenix, AZ
Property

Office
Availability

1 Space

3,843 SF
For Lease Contact for pricing
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425 E Buckeye Road

425 E Buckeye Road, Central City, Phoenix, AZ
Property

Industrial

65,160 SF
Availability

1 Space

21,960 SF
Year Built

2017
For Lease

$11.04/SF/YR
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3120 N 19th Ave

3120 N 19th Ave, Encanto Village, Phoenix, AZ
Property

Office

10,848 SF
Availability

3 Spaces

5,189 SF
Year Built

1985
For Lease

$12.00/SF/YR
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Arcadia Towne Center

4730 East Indian School Road, East Phoenix, Phoenix, AZ
Property

Retail

69,480 SF
Availability

1 Space

4,879 SF
Year Built

1966
For Lease

$40.00/SF/YR
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Palo Verde Medical Center

5251 W Campbell Ave, Maryvale, Phoenix, AZ
Property

Office

19,644 SF
Availability

1 Space

1,202 SF
Year Built

1980
For Lease

$19.00/SF/YR
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NNEC I-17 & Peoria

NNEC I-17 & Peoria, North Mountain Village, Phoenix, AZ
Property

VacantLand
For Sale

$725,000
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Retail property in Phoenix, AZ

2501 E Indian School Rd, Biltmore, Phoenix, AZ
Property

Retail

2,450 SF
Availability

3 Spaces

4,900 SF
Year Built

1940
For Lease

$18.00 - $22.00/SF/YR
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4640 E Elwood St

4640 E Elwood St, Central City, Phoenix, AZ
Property

Industrial

143,940 SF
Availability

1 Space

2,602 SF
Year Built

1985
For Lease

$1.15/SF/MO
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1546 W Bell Rd

1546 W Bell Rd, Deer Valley Village, Phoenix, AZ
Property

Retail

3,798 SF
Availability

1 Space

3,798 SF
Year Built

1985
For Lease

$18.00/SF/YR
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East Gateway Centre I

4646 E Van Buren Street, Camelback East, Phoenix, AZ
Property

Office

114,414 SF
Availability

6 Spaces

88,084 SF
Year Built

2002
For Lease

$31.50/SF/YR
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3528 W Cactus Rd

3528 W Cactus Rd, North Mountain Village, Phoenix, AZ
Property

Retail

23,010 SF
Availability

1 Space

17,000 SF
For Lease

$13.20/SF/YR
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SimonMed Imaging

8921 W. Thomas Road, Maryvale, Phoenix, AZ
Property

Office

42,067 SF
Year Built

2005
For Sale

$17,235,108
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Commercial Land

4221 S 16th St, South Mountain Highland Terrace, Phoenix, AZ
Property

VacantLand
For Sale

$775,000
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Bell 28

16605 N 28th Avenue, Deer Valley Village, Phoenix, AZ
Property

Office

47,722 SF
Availability

3 Spaces

11,826 SF
Year Built

2000
For Lease Contact for pricing
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5350 N 16th Street

5350 N 16th Street, Camelback East, Phoenix, AZ
Property

Office

6,308 SF
Availability

1 Space

530 SF
For Lease

$31.75/SF/YR
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SEC 35th Ave & Thunderbird Rd

SEC 35th Ave & Thunderbird Rd, North Mountain Village, Phoenix, AZ
Property

Retail

50,000 SF
Availability

4 Spaces

6,306 SF
For Lease Contact for pricing
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Class A Plug and Play Office Space for Sublease in Phoenix

CBIZ Plaza 3101-3111 N Central Ave Phoenix AZ, Encanto Village, Phoenix, AZ
Property

Office
Availability

1 Space

1,633 SF
For Lease Contact for pricing
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4717 East Hilton Avenue

4717 East Hilton Avenue, Central City, Phoenix, AZ
Property

Industrial

150,420 SF
Availability

1 Space

14,304 SF
Year Built

1995
For Lease

$15.00 - $17.00/SF/YR
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2434 S 10th Street

2434 S 10th Street, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

82,538 SF
Availability

1 Space

82,538 SF
Year Built

1990
For Lease Contact for pricing
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2950 W Catalina Dr

2950 W Catalina Dr, Maryvale, Phoenix, AZ
Property

Industrial

47,526 SF
For Sale

$9,250,000
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Industrial-Flex and Office Space for Lease

1Forty3 Business Park 4820-4926 E McDowell Rd , Camelback East, Phoenix, AZ
Property

Office
Availability

1 Space

5,939 SF
For Lease Contact for pricing
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4022 E Broadway Rd

4022 E Broadway Rd, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

16,294 SF
Availability

4 Spaces

3,123 SF
Year Built

1980
For Lease

$18.00/SF/YR
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4321 N Longview Ave, APN: 115-08-035C

4321 N Longview Ave, APN: 115-08-035C, Camelback East, Phoenix, AZ
Property

VacantLand
For Sale

$1,499,000
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21831 N 27th Ave

21831 N 27th Ave, Deer Valley Village, Phoenix, AZ
Property

Industrial

9,000 SF
Availability

1 Space

3,375 SF
Year Built

1986
For Lease

$0.90/SF/MO
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Plaza @ Mountainside

4005 East Chandler Blvd, Ahwatukee Foothills, Phoenix, AZ
Property

Retail

131,621 SF
Availability

3 Spaces

2,882 SF
Year Built

1989
For Lease Contact for pricing
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4130 E University Dr

4130 E University Dr, Central City, Phoenix, AZ
Property

Industrial

39,385 SF
Year Built

1945
For Sale

$1,600,000
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Corridors Corporate Center

2155 West Pinnacle Peak Road, Deer Valley Village, Phoenix, AZ
Property

Office

132,061 SF
Availability

1 Space

22,475 SF
Year Built

2001
For Lease Contact for pricing
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One Arizona Center

400 E Van Buren Street, Downtown Phoenix, Phoenix, AZ
Property

Office

329,602 SF
Availability

16 Spaces

218,691 SF
Year Built

1990
For Lease Contact for pricing
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50th St & Chandler Blvd

50th St & Chandler Blvd, Ahwatukee Foothills, Phoenix, AZ
Property

Retail

3,245 SF
Availability

1 Space

2,048 SF
For Lease Contact for pricing
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2328 W Palm Ln

2328 W Palm Ln, Encanto Village, Phoenix, AZ
Property

Industrial

8,820 SF
Availability

1 Space

8,820 SF
Year Built

1962
For Lease

$1.20/SF/MO
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10000 North 31st Avenue

10000 North 31st Avenue, North Mountain Village, Phoenix, AZ
Property

Office

128,180 SF
Availability

11 Spaces

27,643 SF
Year Built

1982
For Lease

$18.00 - $27.00/SF/YR
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Esplanade I

2425 East Camelback Road, Biltmore, Phoenix, AZ
Property

Office

235,077 SF
Availability

1 Space

43,501 SF
Year Built

1989
For Lease Contact for pricing
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4441 West Polk Street

4441 West Polk Street, Estrella Village, Phoenix, AZ
Property

Industrial

92,293 SF
Availability

1 Space

18,252 SF
Year Built

1985
For Lease Contact for pricing
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Village Center

4308 E Cactus Rd, Paradise Valley Village, Phoenix, AZ
Property

Retail

171,129 SF
Availability

1 Space

1,415 SF
Year Built

1988
For Lease Contact for pricing
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Southbank 34

3410 East University Drive, Central City, Phoenix, AZ
Property

Office

74,409 SF
Availability

3 Spaces

14,234 SF
Year Built

1989
For Lease

$25.50/SF/YR
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4035 South Riverpoint Pkwy

4035 South Riverpoint Pkwy, South Mountain Highland Terrace, Phoenix, AZ
Property

Office

165,851 SF
Availability

3 Spaces

88,869 SF
Year Built

2007
For Lease

$27.00/SF/YR
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4001 E Broadway Rd

4001 E Broadway Rd, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

96,723 SF
Availability

1 Space

885 SF
For Lease

$1.00/SF/MO
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3010 E Elwood St

3010 E Elwood St, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

61,344 SF
Availability

1 Space

61,344 SF
Year Built

2007
For Lease

$1.30/SF/MO
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4020 S 15th Ave

4020 S 15th Ave, South Mountain Highland Terrace, Phoenix, AZ
Property

Office

18,824 SF
Availability

1 Space

18,824 SF
Year Built

1953
For Lease

$30,000.00/MO
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2030, 2040, 2050 W Deer Valley Rd

2030, 2040, 2050 W Deer Valley Rd, Deer Valley Village, Phoenix, AZ
Property

Industrial

14,288 SF
Availability

1 Space

3,648 SF
Year Built

1984
For Lease

$16.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Phoenix commercial real estate market incorporates 30,372,856 square feet of office space across 447 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Phoenix, the coworking segment of the commercial real estate market incorporates about 2,840 square feet.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Phoenix commercial real estate market includes 16,924,247 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Phoenix market, there is a total of 22,993,525 square feet of industrial property.

The listing inventory in Phoenix incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Phoenix is represented by Industrial space, which accounts for 13,018,218 square feet of available listings. Office space available in Phoenix adds up to 10,195,330 square feet.

Meanwhile, most of the listings of commercial property for sale in Phoenix are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Phoenix is $21.36 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Phoenix can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $26.61 per square foot, industrial space in Phoenix saw average rents of $14.32 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Phoenix, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Phoenix is in the Encanto Village neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Encanto Village area.

Meanwhile, retail space opportunities are most abundant in the Alhambra submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in South Mountain Highland Terrace.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $45 per square foot. In particular, the property type commanding the highest lease rates in Phoenix was Office space.

Conversely, the highest sale price last year was $48,500,000 that is located at 4200 East Camelback Road.

The average size of a commercial property in Phoenix depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Phoenix, the average size of an office property is 80,140 square feet.
Retail properties here incorporate an average of 55,490 square feet.
Industrial space in Phoenix is in buildings that are, on average 67,430 square feet in size.

Phoenix, AZ Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Phoenix currently add up to 29,244,475 square feet. The market offers 392 active office listing(s), which amount to 10,140,924 square feet and account for 39% of commercial spaces on the market. Local retail availability includes 2,914,845 square feet across 283 retail space(s). Industrial space for rent opportunities in Phoenix amount to 13,166,220 square feet across a total of 288 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	392	10,140,924
Retail	283	2,914,845
Industrial	288	13,166,220
Other	36	3,022,486

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Phoenix, AZ. Currently, there is 5,485,117 square feet of commercial property for sale here , which includes 53 office building(s) for sale , 56 retail investment opportunity listing(s) , and 72 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	53	1,130,052
Retail	56	1,015,521
Industrial	72	1,499,442
Other	77	1,840,102

Phoenix, AZ Commercial Real Estate Market Overview

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 Real Estate for Lease and Sale

What type of listing property are you looking for?

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Phoenix, AZ?

What factors affect the price of commercial real estate in Phoenix, AZ?

What is the average rent for commercial space in Phoenix, AZ?

What are the best areas for commercial real estate in Phoenix, AZ?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Phoenix, AZ?

Phoenix, AZ Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Phoenix, AZ Commercial Real Estate Market Overview

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