Phoenix, AZ Commercial Real Estate for Lease and Sale

Explore 1,285 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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Retail property in Phoenix, AZ

4243 W Bethany Home Road, Alhambra, Phoenix, AZ
Property

Retail

2,760 SF
Year Built

1972
For Sale

$490,000
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10631 S 51st St

10631 S 51st St, Ahwatukee Foothills, Phoenix, AZ
Property

Office

13,761 SF
Availability

1 Space

2,107 SF
Year Built

2008
For Lease

$15.00/SF/YR
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23045 North 15th Avenue

23045 North 15th Avenue, Deer Valley Village, Phoenix, AZ
Property

Industrial

48,114 SF
Availability

1 Space

23,885 SF
Year Built

1998
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
1110 E Washington St

1110 E Washington St, Central City, Phoenix, AZ
Property

Retail

4,025 SF
Year Built

1948
For Sale

$2,000,000
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Sky Harbor Business Center

2060 S 16th Street, Central City, Phoenix, AZ
Property

Industrial

49,476 SF
Availability

1 Space

16,532 SF
Year Built

2006
For Lease Contact for pricing
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Downtown Phoenix Retail-Office Space for Lease

Skyline Lofts 600 N 4th St, Downtown Phoenix, Phoenix, AZ
Property

Retail
Availability

1 Space

3,065 SF
For Lease Contact for pricing
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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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Ahwatukee Palms

4855 E Warner Rd, Ahwatukee Foothills, Phoenix, AZ
Property

Retail

133,864 SF
Availability

5 Spaces

17,181 SF
Year Built

1982
For Lease Contact for pricing
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16th St & Baseline Rd

16th St & Baseline Rd, South Mountain Highland Terrace, Phoenix, AZ
Property

Retail

33,385 SF
Availability

1 Space

33,385 SF
For Lease Contact for pricing
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Airport Technology Center

4127 E Van Buren Street, Camelback East, Phoenix, AZ
Property

Office

76,558 SF
Availability

2 Spaces

24,818 SF
Year Built

1999
For Lease

$28.50/SF/YR
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Bell 28

16610 N Black Canyon Highway, Deer Valley Village, Phoenix, AZ
Property

Office

62,098 SF
Availability

1 Space

3,431 SF
Year Built

2000
For Lease Contact for pricing
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Sure Thing! Storage - Metrocenter

9809 N. Metro Pkwy W., North Mountain Village, Phoenix, AZ
Property

Other

75,464 SF
For Sale Contact for pricing
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Office Space for Sale in Midtown Phoenix

3033 N Central Ave, Encanto Village, Phoenix, AZ
Property

Office

12,486 SF
For Sale

$2,434,770
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Thomas Plaza

2701 E Thomas Rd, Camelback East, Phoenix, AZ
Property

Office

16,460 SF
Availability

1 Space

1,600 SF
Year Built

1975
For Lease

$25.00/SF/YR
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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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Executive Center at Southbank - Buildings D, E, F & G

3600 East University Drive, Central City, Phoenix, AZ
Property

Office

74,800 SF
Availability

3 Spaces

39,572 SF
Year Built

1990
For Lease

$15.95/SF/YR
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1635 East McDowell Road

1635 East McDowell Road, Central City, Phoenix, AZ
Property

Retail

14,529 SF
For Sale

Subject To Offer
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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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35th Avenue & Peoria

3514 West Peoria Avenue, North Mountain Village, Phoenix, AZ
Property

Retail

75,524 SF
Availability

2 Spaces

34,920 SF
Year Built

1970
For Lease Contact for pricing
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Office Building for Lease in Phoenix

Clock Tower Corporate Centre 7776 S Pointe Pkwy , South Mountain Highland Terrace, Phoenix, AZ
Property

Office

109,779 SF
Availability

1 Space

16,698 SF
For Lease Contact for pricing
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4145-4249 S 37th St

4145-4249 S 37th St, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

173,487 SF
Availability

4 Spaces

10,000 SF
For Lease

$1.15 - $1.25/SF/MO
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3440 W Lewis Ave

3440 West Lewis Avenue, Maryvale, Phoenix, AZ
Property

Flex Space

21,690 SF
Availability

1 Space

7,170 SF
Year Built

1980
For Lease

$1.05/SF/MO
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2431 E Van Buren St & 2424 E Monroe St

2431 E Van Buren St & 2424 E Monroe St, Central City, Phoenix, AZ
Property

Retail

14,533 SF
For Sale

$1,149,000
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Industrial-Flex Space for Sale or Lease in Phoenix

1011 N 21st Ave, Central City, Phoenix, AZ
Property

Industrial

9,400 SF
For Sale Contact for pricing
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The Ashby on Osborn

1221-1313 E Osborn Road, Encanto Village, Phoenix, AZ
Property

Office

88,100 SF
Availability

2 Spaces

16,538 SF
Year Built

1987
For Lease

$23.00/SF/YR
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Park Lee Shopping Center - 1615-1635 W Camelback Rd

1615-1635 W Camelback Rd, Alhambra, Phoenix, AZ
Property

Retail

133,828 SF
Availability

6 Spaces

14,270 SF
For Lease Contact for pricing
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1945 E Watkins St

1945 E Watkins St, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

21,240 SF
Year Built

1979
For Sale

$5,310,000
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2611 South 7th Street

2611 South 7th Street, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

39,350 SF
Availability

1 Space

39,349 SF
Year Built

2001
For Lease Contact for pricing
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24th at Camelback II

2325 East Camelback Road, Biltmore, Phoenix, AZ
Property

Office

302,209 SF
Availability

1 Space

14,469 SF
Year Built

2009
For Lease

$35.00/SF/YR
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Corporate Center - 10030 North 25th Avenue

10030 North 25th Avenue, North Mountain Village, Phoenix, AZ
Property

Office

74,588 SF
Availability

3 Spaces

50,644 SF
Year Built

1974
For Lease

$22.00/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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Medical Space for Lease in Central Phoenix

Central Phoenix Medical Center 3003 N 3rd St, Encanto Village, Phoenix, AZ
Property

Other
Availability

1 Space

91,293 SF
For Lease Contact for pricing
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TN | 1109 N 2nd St | Pemberton Lofts

TN | 1109 N 2nd St | Pemberton Lofts, Downtown Phoenix, Phoenix, AZ
Property

VacantLand
Availability

1 Space

54 SF
For Lease

$5.00/SF/YR
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Butler Plaza

8385 N 7th Street, North Mountain Village, Phoenix, AZ
Property

Retail

8,311 SF
Year Built

1964
For Sale

Subject To Offer
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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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Class A Office Building for Lease in the Camelback Corridor

3900 Camelback 3900 E Camelback Rd, Biltmore, Phoenix, AZ
Property

Office

177,520 SF
Availability

1 Space

112,947 SF
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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10443 N Cave Creek Rd

10443 N Cave Creek Rd, North Mountain Village, Phoenix, AZ
Property

Office

18,724 SF
Availability

2 Spaces

1,297 SF
For Lease

$10.00/SF/YR
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722 East Osborn Road

722 East Osborn Road, Encanto Village, Phoenix, AZ
Property

Office

28,888 SF
Availability

2 Spaces

7,664 SF
Year Built

1984
For Lease

$21.00/SF/YR
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NEC 36th & Thomas Road

NEC 36th & Thomas Road, Maryvale, Phoenix, AZ
Property

Retail

2,400 SF
Availability

1 Space

2,400 SF
For Lease Contact for pricing
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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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The Summit

7720 N 16th Street, Camelback East, Phoenix, AZ
Property

Office

162,318 SF
Availability

1 Space

7,251 SF
Year Built

1999
For Lease

$25.00/SF/YR
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Town & Country Financial Center

2150 E. Highland Ave., Biltmore, Phoenix, AZ
Property

Office

33,858 SF
Availability

1 Space

1,597 SF
Year Built

1980
For Lease

$19.00/SF/YR
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KFH | 719 Marlette

717-733 E Marlette, Camelback East, Phoenix, AZ
Property

Multi-Family

8,658 SF
Year Built

1952
For Sale

$2,950,000
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Office Building for Sale Downtown Phoenix

625 S 5th St, Central City, Phoenix, AZ
Property

Office

34,582 SF
For Sale Contact for pricing
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725-733 West McDowell Road

725 West McDowell Road, Central City, Phoenix, AZ
Property

Office

25,625 SF
Availability

1 Space

7,500 SF
Year Built

1950
For Lease Contact for pricing
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4020 NW Grand Avenue

4020 NW Grand Avenue, Alhambra, Phoenix, AZ
Property

Industrial

19,525 SF
Availability

1 Space

3,750 SF
Year Built

1980
For Lease

$1.00/SF/MO
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Metro Business Park II

11048 North 23rd Drive, North Mountain Village, Phoenix, AZ
Property

Industrial

126,362 SF
Availability

1 Space

7,722 SF
Year Built

1980
For Lease Contact for pricing
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14804 North Cave Creek Road
Bellagio Executive Plaza
14804 North Cave Creek Road, Phoenix, AZ
Services

Virtual Office
Amenities

Break room

Complimentary coffee & tea

High-speed wifi

Parking

Printer

Projector

Receptionist/Secretarial services

TV/Monitor

Utilities included

White boards
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45 E Monterey Wy

45 E Monterey Wy, Encanto Village, Phoenix, AZ
Property

Office

14,610 SF
Availability

1 Space

2,035 SF
Year Built

1969
For Lease

$17.50/SF/YR
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Thomas Plaza

2701 E Thomas Rd, Camelback East, Phoenix, AZ
Property

Office

16,460 SF
Year Built

1975
For Sale

$3,561,000
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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 30,025,082 square feet of office space across 446 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 17,309,068 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 24,236,730 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 13,300,450 square feet of available listings. Office space available in Phoenix adds up to 9,681,580 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 $22.16 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 $14.33 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 $50 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 79,643 square feet.
Retail properties here incorporate an average of 56,199 square feet.
Industrial space in Phoenix is in buildings that are, on average 67,138 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 29,041,979 square feet. The market offers 387 active office listing(s), which amount to 9,959,940 square feet and account for 38% of commercial spaces on the market. Local retail availability includes 2,963,722 square feet across 289 retail space(s). Industrial space for rent opportunities in Phoenix amount to 13,311,549 square feet across a total of 297 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	387	9,959,940
Retail	289	2,963,722
Industrial	297	13,311,549
Other	35	2,806,768

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 5,592,225 square feet of commercial property for sale here , which includes 57 office building(s) for sale , 59 retail investment opportunity listing(s) , and 81 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	57	1,242,832
Retail	59	1,327,018
Industrial	81	1,621,874
Other	73	1,400,501

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

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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