Phoenix, AZ Commercial Real Estate for Lease and Sale

Explore 1,299 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

4 Spaces

1,060 SF
Year Built

2006
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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Freestanding Retail Building for Lease in Phoenix

10225 N Metro Pkwy E, North Mountain Village, Phoenix, AZ
Property

Retail

7,050 SF
Availability

1 Space

7,050 SF
For Lease

$11.06/SF/YR
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16th Street & Bethany

1525 East Bethany Home Road, Camelback East, Phoenix, AZ
Property

Retail

88,419 SF
Availability

1 Space

1,192 SF
Year Built

1960
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
Pinnacle Peak - Phase I

23910 N 19th Ave, Deer Valley Village, Phoenix, AZ
Property

Industrial

302,254 SF
Availability

1 Space

18,874 SF
Year Built

2001
For Lease Contact for pricing
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3230 E Broadway Rd

3230 E Broadway Rd, South Mountain Highland Terrace, Phoenix, AZ
Property

Office

38,998 SF
Availability

2 Spaces

3,777 SF
Year Built

2001
For Lease

$17.95/SF/YR
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Union Hills Office Plaza
Regus
2550 W. Union Hills Drive Suite 350, Phoenix, AZ
Services

Virtual Office

Open Workspace

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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Pads at Algodon Center

9304 W Thomas Rd, Maryvale, Phoenix, AZ
Property

VacantLand
Availability

1 Space

40,000 SF
For Lease

$125,000.00/SF/YR
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Anthem Plaza

42302 N Vision Way, Anthem, AZ
Property

Industrial

37,780 SF
Availability

1 Space

1,153 SF
Year Built

2003
For Lease

$1.30/SF/YR
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Koll Papago Business Center

620 N 43rd Avenue, Estrella Village, Phoenix, AZ
Property

Industrial

49,513 SF
Availability

1 Space

22,780 SF
Year Built

1999
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
Availability

1 Space

21,240 SF
Year Built

1979
For Lease Contact for pricing
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Maryvale Bridge United Methodist Church for Sale in Phoenix

4802 N 59th Ave, Maryvale, Phoenix, AZ
Property

Other

16,676 SF
For Sale

$3,000,000
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325 W Melinda Ln

325 W Melinda Ln, Deer Valley Village, Phoenix, AZ
Property

Industrial

4,738 SF
Year Built

1989
For Sale

$290.21/SF
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The Department

1 N 1st Street, Downtown Phoenix, Phoenix, AZ
Property

Office

105,000 SF
Availability

2 Spaces

6,850 SF
Year Built

1984
For Lease

$28.50/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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40th St & Bell Rd

40th St & Bell Rd, Paradise Valley Village, Phoenix, AZ
Property

Retail

1,200 SF
Availability

1 Space

2,304 SF
For Lease Contact for pricing
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4127 N 19th Ave

4127 N 19th Ave, Encanto Village, Phoenix, AZ
Property

Retail

7,128 SF
Availability

3 Spaces

2,941 SF
Year Built

1946
For Lease

$12.00 - $26.00/SF/YR
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The Cotton Center - Cotton Center IV - Building B

4320 East Cotton Center Blvd, South Mountain Highland Terrace, Phoenix, AZ
Property

Office

57,108 SF
Availability

1 Space

41,135 SF
Year Built

2002
For Lease Contact for pricing
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The Commons on Sixteenth - 7600 North 16th Street

7600 North 16th Street, Camelback East, Phoenix, AZ
Property

Office

160,343 SF
Availability

1 Space

140,958 SF
Year Built

1987
For Lease

$24.50/SF/YR
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5800 N 19th Ave

5800 N 19th Ave, Alhambra, Phoenix, AZ
Property

Retail

15,162 SF
Year Built

1959
For Sale

$2,102,326
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SWC Loop 101 & Thomas

SWC Loop 101 & Thomas , Maryvale, Phoenix, AZ
Property

VacantLand
For Sale

Subject To Offer
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4707 W. Van Buren Street

4707 W. Van Buren Street, Estrella Village, Phoenix, AZ
Property

Industrial

40,541 SF
Availability

1 Space

40,541 SF
Year Built

1977
For Lease

$0.60/MO
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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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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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Phoenix Plaza I

2901 N Central Avenue, Encanto Village, Phoenix, AZ
Property

Office

437,070 SF
Availability

11 Spaces

214,688 SF
Year Built

1989
For Lease

$33.00/SF/YR
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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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9831 S 51st St, Bldg D

9831 S 51st St, Bldg D, Ahwatukee Foothills, Phoenix, AZ
Property

Industrial

15,554 SF
Availability

2 Spaces

7,125 SF
Year Built

1985
For Lease

$1.50/SF/MO
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10631 S 51st St

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

Office

13,761 SF
Year Built

2008
For Sale

$3,275,000
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4250 E Broadway Rd & 4249 E Wood St

4250 E Broadway Rd & 4249 E Wood St, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

40,351 SF
Year Built

1971
For Sale

$8,271,955
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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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2828 N Central Novel Coworking LLC
Expansive
2828 North Central Avenue, Phoenix, AZ
Services

Meeting Room
Amenities

Parking

Vending machine
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Retail Space for Lease in Phoenix

College Park Center NEC Camelback Rd & 35th Ave, Alhambra, Phoenix, AZ
Property

Retail
Availability

1 Space

21,300 SF
For Lease Contact for pricing
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Maintenance Warehouse

1590 E Riverview Drive, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

90,000 SF
Availability

1 Space

90,000 SF
Year Built

2003
For Lease Contact for pricing
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302 E University Drive

302 E University Drive, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

75,975 SF
Availability

1 Space

27,059 SF
Year Built

1976
For Lease Contact for pricing
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16th St Office Building

1444 North 16th Street, Central City, Phoenix, AZ
Property

Office

2,448 SF
Availability

1 Space

2,448 SF
Year Built

1983
For Lease

$4,000.00/MO
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Office Condominium for Sale in Midtown Phoenix

Earll Professional Plaza 202 E Earll Dr, Encanto Village, Phoenix, AZ
Property

Office

5,606 SF
For Sale

$1,653,771
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3102 WEST LEWIS AVENUE

3102 WEST LEWIS AVENUE, Maryvale, Phoenix, AZ
Property

Industrial

21,000 SF
Availability

1 Space

4,500 SF
For Lease

$0.95/SF/MO
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Zoned Infill Land for Sale in Phoenix

N 41st Ave & W Thomas Rd, Maryvale, Phoenix, AZ
Property

Other
For Sale Contact for pricing
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Lakeside Plaza

3961 E Chandler Blvd, Ahwatukee Foothills, Phoenix, AZ
Property

Retail

29,859 SF
Availability

2 Spaces

2,104 SF
Year Built

1995
For Lease Contact for pricing
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4620 E Elwood St

4620 E Elwood St, Central City, Phoenix, AZ
Property

Industrial

143,940 SF
Availability

1 Space

1,530 SF
Year Built

1985
For Lease

$1.20/SF/MO
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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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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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8828 N. Central Ave.

8828 N. Central Ave., North Mountain Village, Phoenix, AZ
Property

Office

10,944 SF
Availability

2 Spaces

3,124 SF
Year Built

1974
For Lease

$19.00/SF/YR
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640 S 51st Avenue

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

Industrial

108,287 SF
Availability

1 Space

108,287 SF
Year Built

1994
For Lease Contact for pricing
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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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El Monte Shopping Plaza

8841 North 19th Avenue, North Mountain Village, Phoenix, AZ
Property

Retail

101,084 SF
Availability

1 Space

1,320 SF
Year Built

1962
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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835 N 43rd Ave

835 N 43rd Ave, Estrella Village, Phoenix, AZ
Property

Retail

12,530 SF
Availability

1 Space

2,400 SF
Year Built

2006
For Lease Contact for pricing
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School Facility-Medical Office for Sale or Lease in Central Phoenix

3738 N 16th St, Encanto Village, Phoenix, AZ
Property

Other

66,906 SF
For Sale Contact for pricing
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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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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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Gateway Medical Building

690 North Cofco Center Court, Camelback East, Phoenix, AZ
Property

Office

76,731 SF
Availability

7 Spaces

49,783 SF
Year Built

2002
For Lease

$25.00/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 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 28,016,149 square feet. The market offers 363 active office listing(s), which amount to 9,605,742 square feet and account for 36% of commercial spaces on the market. Local retail availability includes 2,871,538 square feet across 279 retail space(s). Industrial space for rent opportunities in Phoenix amount to 12,769,883 square feet across a total of 303 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	363	9,605,742
Retail	279	2,871,538
Industrial	303	12,769,883
Other	37	2,768,986

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 5,052,666 square feet of commercial property for sale here , which includes 64 office building(s) for sale , 62 retail investment opportunity listing(s) , and 80 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	64	1,170,763
Retail	62	1,148,656
Industrial	80	1,482,499
Other	78	1,250,748

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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