Phoenix, AZ Commercial Real Estate for Lease and Sale

Explore 1,280 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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The Grove - 4300 East Camelback

4300 East Camelback Road, Camelback East, Phoenix, AZ
Property

Office

181,482 SF
Availability

1 Space

47,602 SF
Year Built

2022
For Lease

$48.00/SF/YR
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2840 S 36th St

2840 S 36th St, Central City, Phoenix, AZ
Property

Industrial

9,244 SF
Availability

2 Spaces

3,052 SF
Year Built

1987
For Lease

$16.80 - $18.00/SF/YR
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1802 W Vogel Avenue

1802 W Vogel Ave, North Mountain Village, Phoenix, AZ
Property

Multi-Family

6,400 SF
Year Built

1936
For Sale

$1,750,000
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Office Coworking Retail Industrial

Office Retail Industrial Land
Fromer Restaurant with Drive-thru for Sale or Lease in Phoenix

Culvers Metrocenter 10225 N 28th Dr, North Mountain Village, Phoenix, AZ
Property

Retail
Availability

1 Space

4,274 SF
For Lease Contact for pricing
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2823 North 36th Avenue

2823 North 36th Avenue, Maryvale, Phoenix, AZ
Property

Industrial

13,800 SF
Availability

3 Spaces

3,480 SF
For Lease Contact for pricing
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Paradise Hills Shopping Center

10654 North 32nd Street, Paradise Valley Village, Phoenix, AZ
Property

Retail

85,951 SF
Availability

2 Spaces

2,150 SF
Year Built

1962
For Lease Contact for pricing
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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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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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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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4142 E Chandler Blvd

4142 E Chandler Blvd, Ahwatukee Foothills, Phoenix, AZ
Property

Retail

13,934 SF
Year Built

1998
For Sale Contact Agent
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Cotton Corporate Center Office

4645 East Cotton Center Blvd, South Mountain Highland Terrace, Phoenix, AZ
Property

Office

116,858 SF
Availability

4 Spaces

54,345 SF
Year Built

2001
For Lease Contact for pricing
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521 S 3rd St

521 S 3rd St, Downtown Phoenix, Phoenix, AZ
Property

Office

19,639 SF
Availability

1 Space

9,530 SF
Year Built

1940
For Lease

$28.00/SF/YR
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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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Shea Corporate Center

3420 E Shea Boulevard , Paradise Valley Village, Phoenix, AZ
Property

Office

49,117 SF
Availability

2 Spaces

3,881 SF
For Lease

$21.50 - $22.50/SF/YR
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Office Space at Fountain Square

350 East Bell Road, Deer Valley Village, Phoenix, AZ
Property

Office

115,565 SF
Availability

4 Spaces

7,161 SF
For Lease Contact for pricing
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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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3446 & 3466 South 7th Street

3466 South 7th Street, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

81,396 SF
Availability

1 Space

44,314 SF
Year Built

1988
For Lease

$0.75/SF/MO
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Riverside Missionary Baptist Church

1050 E Baseline Rd, South Mountain Highland Terrace, Phoenix, AZ
Property

Other

9,680 SF
Year Built

1999
For Sale

Call Thomas Smith for price.
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3702 E Roeser Rd

3702 E Roeser Rd, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

42,488 SF
Availability

6 Spaces

14,323 SF
For Lease

$1.20 - $1.25/SF/MO
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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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Northern Business Center

2051 West Northern Avenue, Alhambra, Phoenix, AZ
Property

Office

30,782 SF
Availability

1 Space

15,142 SF
Year Built

1999
For Lease Contact for pricing
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Phoenix-Midtown
Pacific Workplaces
3838 North Central Avenue 9th Floor, Phoenix, AZ
Amenities

Mail services
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West 101 Business Center

1830, 1840, 1850 N 95th Ave, Maryvale, Phoenix, AZ
Property

Office

118,853 SF
Year Built

2006
For Sale

$41,367,000
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2400 E Arizona Biltmore Circle

2400 E Arizona Biltmore Circle, Biltmore, Phoenix, AZ
Property

Office

23,113 SF
Availability

5 Spaces

15,365 SF
Year Built

1980
For Lease

$21.96/SF/YR
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East Gateway Centre II

4686 E Van Buren Street, Camelback East, Phoenix, AZ
Property

Office

114,414 SF
Availability

6 Spaces

36,241 SF
Year Built

2005
For Lease

$31.50/SF/YR
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Rose Lane Plaza

714 E. Rose Lane , Camelback East, Phoenix, AZ
Property

Office

8,500 SF
Year Built

1986
For Sale

$2,300,000
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24th at Camelback

2325 E Camelback Road, Biltmore, Phoenix, AZ
Property

Office

307,101 SF
Availability

7 Spaces

58,690 SF
Year Built

2010
For Lease

$48.00/SF/YR
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3721 W Cambridge Ave

3721 West Cambridge Avenue, Maryvale, Phoenix, AZ
Property

Industrial

19,806 SF
Availability

1 Space

1,462 SF
Year Built

1986
For Lease

$1.30/SF/MO
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3440-3450 E Van Buren St

3440-3450 E Van Buren St, Central City, Phoenix, AZ
Property

Industrial

15,000 SF
Availability

1 Space

5,000 SF
Year Built

1956
For Lease Contact for pricing
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3333 W Jackson St

3333 W Jackson St, Estrella Village, Phoenix, AZ
Property

VacantLand
For Sale

$1,800,000
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South Mountain Plaza - 1-33 West Baseline Road

1 West Baseline Road, South Mountain Highland Terrace, Phoenix, AZ
Property

Retail

30,455 SF
Availability

2 Spaces

5,400 SF
Year Built

1962
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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Retail Shop Space Available for Lease in Anthem Arizona

Anthem Eastside Shops 3668-3720 W Anthem Way, Anthem, New River, AZ
Property

Retail
Availability

1 Space

2,385 SF
For Lease Contact for pricing
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VIVO BUILDING

4650 East Cotton Center Boulevard, South Mountain Highland Terrace, Phoenix, AZ
Property

Office

33,000 SF
Availability

2 Spaces

4,777 SF
Year Built

2007
For Lease Contact for pricing
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1546 W Bell Rd

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

Retail

3,798 SF
Year Built

1985
For Sale

$949,500
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Paradise Valley Medical Plaza - 3805 East Bell Road

3805 East Bell Road, Paradise Valley Village, Phoenix, AZ
Property

Office

104,213 SF
Availability

1 Space

12,240 SF
Year Built

2007
For Lease

$28.50/SF/YR
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Fountain Square | Safeway Grocery Anchored Neighborhood Center

610 E Bell Rd., Deer Valley Village, Phoenix, AZ
Property

Retail

116,424 SF
Availability

8 Spaces

15,299 SF
For Lease Contact for pricing
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3528 W Cactus Rd

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

Retail

23,010 SF
For Sale

$3,700,000
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Site Development for Trailer Parking

640 S 53rd Ave, Estrella Village, Phoenix, AZ
Property

VacantLand
Availability

1 Space

91,026 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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2402-2426 S CENTRAL AVE

2402-2426 S CENTRAL AVE , South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

21,598 SF
For Sale

$4,100,000
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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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8301 N 19th Ave

8301 N 19th Ave, North Mountain Village, Phoenix, AZ
Property

Other

21,328 SF
Year Built

1971
For Sale Contact for pricing
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Camelback Center

2355 East Camelback Road, Biltmore, Phoenix, AZ
Property

Office

232,615 SF
Availability

1 Space

4,189 SF
Year Built

2000
For Lease

$39.00/SF/YR
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Rose Lane Plaza

714 E. Rose Lane , Camelback East, Phoenix, AZ
Property

Office

8,500 SF
Availability

1 Space

8,500 SF
Year Built

1986
For Lease

$17.00/SF/YR
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Biltmore Medical Mall

2222 East Highland Avenue, Biltmore, Phoenix, AZ
Property

Office

152,600 SF
Availability

1 Space

4,023 SF
Year Built

1998
For Lease Contact for pricing
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One Renaissance Square

2 N Central Avenue, Downtown Phoenix, Phoenix, AZ
Property

Office

492,116 SF
Availability

18 Spaces

119,918 SF
Year Built

1987
For Lease Contact for pricing
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Professional Office with Introductory Rate

1534 W McDowell Rd., Encanto Village, Phoenix, AZ
Property

Office

1,801 SF
Availability

1 Space

1,801 SF
Year Built

1948
For Lease

$8.00/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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1432 East Northern Avenue

1432 East Northern Avenue, North Mountain Village, Phoenix, AZ
Property

Office

1,680 SF
Year Built

1949
For Sale

Subject To Offer
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Granite Commerce Center

405 N 75th Avenue, Estrella Village, Phoenix, AZ
Property

Industrial

135,767 SF
Availability

1 Space

32,930 SF
Year Built

2001
For Lease Contact for pricing
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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 29,919,466 square feet of office space across 435 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 16,702,278 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 23,739,695 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 12,791,543 square feet of available listings. Office space available in Phoenix adds up to 9,599,128 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 $22.27 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 $14.58 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 81,972 square feet.
Retail properties here incorporate an average of 54,405 square feet.
Industrial space in Phoenix is in buildings that are, on average 64,336 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 1,458,283,273 square feet. The market offers 389 active office listing(s), which amount to 9,667,916 square feet and account for 38% of commercial spaces on the market. Local retail availability includes 2,754,497 square feet across 274 retail space(s). Industrial space for rent opportunities in Phoenix amount to 1,443,095,786 square feet across a total of 304 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	389	9,667,916
Retail	274	2,754,497
Industrial	304	1,443,095,786
Other	34	2,765,074

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 5,275,658 square feet of commercial property for sale here , which includes 58 office building(s) for sale , 62 retail investment opportunity listing(s) , and 79 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	58	1,184,106
Retail	62	1,111,509
Industrial	79	1,563,995
Other	81	1,416,048

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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