Phoenix, AZ Commercial Real Estate for Lease and Sale

Explore 1,278 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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Industrial Buildings for Lease in Phoenix

4701 W Jefferson St, Estrella Village, Phoenix, AZ
Property

Industrial
Availability

1 Space

131,032 SF
For Lease Contact for pricing
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Lincoln Commerce Park II

2115 S 11th Avenue, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

126,500 SF
Availability

1 Space

35,000 SF
Year Built

2006
For Lease Contact for pricing
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9211 N 9th Ave Phoenix

9211 N 9th Ave Phoenix, North Mountain Village, Phoenix, AZ
Property

Industrial

16,200 SF
Availability

11 Spaces

9,606 SF
Year Built

1963
For Lease

$1.15 - $1.40/SF/MO
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Office Coworking Retail Industrial

Office Retail Industrial Land
2350 W Holly St

2350 W Holly St, Encanto Village, Phoenix, AZ
Property

Industrial

16,200 SF
Year Built

1968
For Sale

$3,190,000
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1838 E Jackson St

1838 E Jackson St, Central City, Phoenix, AZ
Property

Industrial

1,800 SF
Availability Contact for availability
Year Built

1936
For Lease Contact for pricing
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The Cotton Center - 4405 East Cotton Center Blvd

4405 East Cotton Center Blvd, South Mountain Highland Terrace, Phoenix, AZ
Property

Office

54,551 SF
Availability

1 Space

23,473 SF
Year Built

2000
For Lease

$17.00/SF/YR
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2818 & 2822 W Northern Avenue

2818 & 2822 W Northern Avenue, North Mountain Village, Phoenix, AZ
Property

Office

2,679 SF
Year Built

1957
For Sale

$650,000
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2730 West Agua Fria Fwy

2730 West Agua Fria Fwy, Deer Valley Village, Phoenix, AZ
Property

Office

33,452 SF
Availability

2 Spaces

6,378 SF
Year Built

2001
For Lease

$27.50/SF/YR
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Ahwatukee Plaza

5031 East Elliot Rd., Ahwatukee Foothills, Phoenix, AZ
Property

Retail

72,650 SF
Availability

4 Spaces

7,500 SF
For Lease Contact for pricing
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Paradise Valley Office Suites

10910 North Tatum Blvd, Paradise Valley Village, Phoenix, AZ
Property

Office

75,355 SF
Availability

1 Space

3,785 SF
Year Built

2003
For Lease

$26.00/SF/YR
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Cobblestone Plaza

12235 N Cave Creek Rd, Paradise Valley Village, Phoenix, AZ
Property

Retail

12,200 SF
Availability

1 Space

1,500 SF
Year Built

2007
For Lease

$10.00/SF/YR
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654 W Camelback Rd

654 W Camelback Rd, Alhambra, Phoenix, AZ
Property

VacantLand
Availability

1 Space

4,791 SF
For Lease

$1,500.00/MO
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32nd St & Bell Road

32nd St & Bell Road, Paradise Valley Village, Phoenix, AZ
Property

Retail

4,492 SF
Availability

3 Spaces

4,492 SF
For Lease Contact for pricing
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Lincoln View Plaza

3119 East Lincoln Drive, Biltmore, Phoenix, AZ
Property

Retail

51,361 SF
Availability

2 Spaces

10,170 SF
Year Built

1980
For Lease

$28.00 - $33.00/SF/YR
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840 N 52nd Ave

840 N 52nd Ave, Estrella Village, Phoenix, AZ
Property

Industrial

15,024 SF
Availability

1 Space

15,024 SF
Year Built

1987
For Lease

$1.73/SF/YR
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4130 E University Dr

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

Industrial

39,385 SF
Availability

1 Space

39,387 SF
Year Built

1945
For Lease Contact for pricing
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Retail property in Phoenix, AZ

4201 W Bethany Home Rd, Alhambra, Phoenix, AZ
Property

Retail

2,080 SF
Availability

2 Spaces

2,080 SF
Year Built

1969
For Lease

$2.12 - $2.40/SF/MO
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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

$42,112,000
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1945 E Watkins St

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

Industrial

21,240 SF
Availability

1 Space

21,240 SF
Year Built

1979
For Lease Contact for pricing
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Corporate Center - 10040 & 10050 North 25th Avenue

10050 North 25th Avenue, North Mountain Village, Phoenix, AZ
Property

Office

65,700 SF
Availability

18 Spaces

55,296 SF
Year Built

1979
For Lease

$22.00/SF/YR
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6044 South 16th Street

6044 South 16th Street, South Mountain Highland Terrace, Phoenix, AZ
Property

Retail

26,400 SF
Availability

3 Spaces

3,600 SF
Year Built

2000
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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Greenway Park Plaza

3202 E Greenway Rd, Paradise Valley Village, Phoenix, AZ
Property

Retail

217,432 SF
Availability

8 Spaces

14,876 SF
For Lease Contact for pricing
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Office and Medical Space for Sale or Lease

Parkwood Professional Plaza 5501 N 19th Ave, Alhambra, Phoenix, AZ
Property

Other

73,532 SF
Year Built

1985
For Sale

$8,456,180
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Campbell @ 16

4515 N. 16th St., Camelback East, Phoenix, AZ
Property

Retail

23,711 SF
Availability

3 Spaces

4,207 SF
For Lease Contact for pricing
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Industrial Space for Lease in Phoenix

2910 E Chambers St, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial
Availability

1 Space

6,768 SF
For Lease

$1.35/SF/YR
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509 W Mcdowell Rd

509 W Mcdowell Rd, Downtown Phoenix, Phoenix, AZ
Property

Office

9,040 SF
Year Built

1956
For Sale

$6,000,000
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711 S Central Ave

711 S Central Ave, Central City, Phoenix, AZ
Property

Retail

5,513 SF
Availability

1 Space

4,558 SF
Year Built

1962
For Lease

$25.00/SF/YR
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4010 NW Grand Avenue

4010 NW Grand Avenue, Alhambra, Phoenix, AZ
Property

Industrial

63,526 SF
Availability

1 Space

1,394 SF
Year Built

1980
For Lease

$1,595.00/MO
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Office Space for Lease in Phoenix

Biltmore 24 6245 N 24th St, Biltmore, Phoenix, AZ
Property

Office

44,970 SF
Availability

1 Space

5,920 SF
For Lease Contact for pricing
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First Riverside @ 51st Avenue

2300 S 51st Avenue, Estrella Village, Phoenix, AZ
Property

Industrial

335,459 SF
Availability

1 Space

16,490 SF
Year Built

2008
For Lease Contact for pricing
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AZ, Phoenix - E Camelback Rd
HQ
2701 East Camelback Road Suite 150, Phoenix, AZ
Services

Virtual Office

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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School Therapy Space for Lease in Phoenix

648 N 5th Ave, Downtown Phoenix, Phoenix, AZ
Property

Office
Availability

1 Space

8,780 SF
For Lease Contact for pricing
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Martin Van Buren - 301-402 North 37th Drive & 3740 West Van Buren Street

Martin Van Buren - 301-402 North 37th Drive & 3740 West Van Buren Street, Estrella Village, Phoenix, AZ
Property

Industrial

112,977 SF
Availability

1 Space

18,478 SF
Year Built

1985
For Lease

$1.15/SF/MO
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3131 Camelback

3131 East Camelback Road, Biltmore, Phoenix, AZ
Property

Office

198,567 SF
Availability

12 Spaces

69,662 SF
Year Built

1998
For Lease

$47.00/SF/YR
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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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Desert View Square

777 E. Thunderbird Rd., North Mountain Village, Phoenix, AZ
Property

Retail

15,000 SF
Availability

1 Space

1,351 SF
Year Built

2005
For Lease

$25.00/SF/YR
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50/Ray

14601 S 50th Street, Ahwatukee Foothills, Phoenix, AZ
Property

Industrial

79,256 SF
Availability

1 Space

40,218 SF
Year Built

2000
For Lease

$16.56/SF/YR
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1500 E Thomas Road

1500 E Thomas Road, Encanto Village, Phoenix, AZ
Property

Office

47,433 SF
Availability

1 Space

4,190 SF
Year Built

1972
For Lease

$16.00/SF/YR
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2920 N 24th Ave

2920 N 24th Ave, Encanto Village, Phoenix, AZ
Property

Office

13,993 SF
Availability

3 Spaces

3,174 SF
Year Built

1982
For Lease

$17.00/SF/YR
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Elevate 24 - 4742 North 24th Street

4742 North 24th Street, Biltmore, Phoenix, AZ
Property

Office

160,561 SF
Availability

1 Space

2,789 SF
Year Built

1986
For Lease

$26.00/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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Foothills Park Place

4802 E Ray Rd, Ahwatukee Foothills, Phoenix, AZ
Property

Retail

313,104 SF
Availability

2 Spaces

37,354 SF
Year Built

1990
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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3123 E Thomas Rd

3123 E Thomas Rd, Camelback East, Phoenix, AZ
Property

Retail

4,485 SF
Year Built

1961
For Sale

$1,375,000
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1739 W. Parkview Ln.

1739 W. Parkview Ln., Deer Valley Village, Phoenix, AZ
Property

VacantLand

217,800 SF
Availability

1 Space

211,701 SF
For Lease Contact for pricing
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Squaw Peak Promenade

7000 North 16th Street, Camelback East, Phoenix, AZ
Property

Retail

47,254 SF
Availability

4 Spaces

11,231 SF
Year Built

1993
For Lease Contact for pricing
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3101-3111 N Central Avenue
Workstyle Flexible Spaces
3101 North Central Avenue 2nd Floor, Phoenix, AZ
Services

Private Office
Amenities

High-speed wifi

Lounge area

Office furniture

Premium coffee
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Office Building for Sale or Lease in Phoenix

11420 N 19th Ave, North Mountain Village, Phoenix, AZ
Property

Office

65,573 SF
Availability

1 Space

65,573 SF
Year Built

1980
For Lease Contact for pricing
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7611 W Thomas Road

7611 W Thomas Road, Maryvale, Phoenix, AZ
Property

Multi-Family

142,748 SF
For Sale

$10,000,000
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4050 E Greenway Rd

4050 E Greenway Rd, Paradise Valley Village, Phoenix, AZ
Property

Office

6,766 SF
Availability

1 Space

3,000 SF
For Lease

$18.50/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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