Phoenix, AZ Commercial Real Estate for Lease and Sale

Explore 1,279 listings of Phoenix commercial real estate to find the best space for your business.

Tatum Corporate Center

10214 North Tatum Blvd, Paradise Valley Village, Phoenix, AZ
Property

Office

23,623 SF
Availability

1 Space

4,296 SF
Year Built

1986
For Lease

$22.00/SF/YR
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14630 N Cave Creek Rd

14630 N Cave Creek Rd, Paradise Valley Village, Phoenix, AZ
Property

Retail

15,774 SF
For Sale

$795,000
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Gateway Executive Center

1048 North 44th Street, Camelback East, Phoenix, AZ
Property

Office

40,226 SF
Availability

1 Space

3,474 SF
For Lease

$28.50/SF/YR
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Sears Metrocenter

10001 N. Metro Pkwy, North Mountain Village, Phoenix, AZ
Property

Retail

211,578 SF
Availability

1 Space

211,578 SF
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
Behavioral Health Portfolio - 1514 W BETHANY HOME RD & 2047 W KEIM DR

1514 W Bethany Home Rd, Alhambra, Phoenix, AZ
Property

Office

3,467 SF
For Sale

$3,100,000
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7442 S 48th St

7442 S 48th St, South Mountain Highland Terrace, Phoenix, AZ
Property

Retail

3,000 SF
Availability

1 Space

3,000 SF
Year Built

1998
For Lease Contact for pricing
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Arizona Projects

6640 W. Happy Valley Rd, Stetson Valley, Glendale, AZ
Property

Retail

68,007 SF
Availability Contact for availability

For Lease Contact for pricing
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Bell Plaza

1730 W Bell Rd, Deer Valley Village, Phoenix, AZ
Property

Retail

8,320 SF
Availability

4 Spaces

6,600 SF
Year Built

1994
For Lease Contact for pricing
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24925 N 15th Avenue #C-106

24925 North 15th Avenue, Deer Valley Village, Phoenix, AZ
Property

Industrial

1,200 SF
Year Built

2023
For Sale

$399,000
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3rd Avenue Industrial - Building 1

NEC 3rd Avenue & Pinnacle Peak Road, Deer Valley Village, Phoenix, AZ
Property

Industrial

77,575 SF
Availability

1 Space

77,575 SF
For Lease Contact for pricing
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Class A Two-Building Office Complex for Sale in Phoenix

Whispering Wind Corporate Center 2205 and 2225 W Whispering Wind Dr, Deer Valley Village, Phoenix, AZ
Property

Office

74,443 SF
For Sale Contact for pricing
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3502 W Lower Buckeye Rd

3502 W Lower Buckeye Rd, Estrella Village, Phoenix, AZ
Property

Industrial

94,210 SF
For Sale Contact for pricing
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Majestic Papago Business Park

4803 W Roosevelt Street, Estrella Village, Phoenix, AZ
Property

Industrial

74,204 SF
Availability

1 Space

74,204 SF
Year Built

2020
For Lease

$10.20/SF/YR
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225 S 35th Ave

225 S 35th Ave, Estrella Village, Phoenix, AZ
Property

Industrial

2,624 SF
Availability

1 Space

1,800 SF
Year Built

1997
For Lease Contact for pricing
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327 N 25th Ave

327 N 25th Ave, Estrella Village, Phoenix, AZ
Property

Industrial

7,252 SF
Year Built

1986
For Sale

$1,300,000
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NEC 27th Avenue & Lower Buckeye Road

NEC 27th Avenue & Lower Buckeye Road, Estrella Village, Phoenix, AZ
Property

VacantLand

19.74 Acre
Availability

1 Space

19.74 Acre
For Lease

$2,500.00/Acre/MO
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130 E Washington St

130 E Washington St, Downtown Phoenix, Phoenix, AZ
Property

Retail

2,604 SF
Year Built

1999
For Sale

$975,000
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735 Grand Avenue
CultureHub
735 Grand Avenue, Phoenix, AZ
Services

Virtual Office

Open Workspace

Meeting Room

Private Office

Dedicated Desk
Amenities

High-speed internet
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623 E. Indian School Rd.

623 E. Indian School Rd. , Encanto Village, Phoenix, AZ
Property

Retail

5,733 SF
Availability

1 Space

1,320 SF
For Lease

$23.00/SF/YR
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5109 West Thomas Road

5109 West Thomas Road, Maryvale, Phoenix, AZ
Property

Retail

1,617 SF
Year Built

1975
For Sale Contact for pricing
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8945 N. 43rd Ave.

8945 N. 43rd Ave., North Mountain Village, Phoenix, AZ
Property

Industrial

2,520 SF
Availability

1 Space

2,520 SF
For Lease

$18.00/SF/YR
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4236 N Central Ave

4236 N Central Ave, Encanto Village, Phoenix, AZ
Property

Retail

7,575 SF
Availability

1 Space

1,320 SF
For Lease Contact for pricing
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12426 N. 28th Drive

12426 N. 28th Drive, North Mountain Village, Phoenix, AZ
Property

Retail

17,428 SF
For Sale

$2,100,000
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Merit 27 Buckeye - Building B

2675 West Buckeye Road, Estrella Village, Phoenix, AZ
Property

Industrial

65,160 SF
Availability

1 Space

65,160 SF
Year Built

2024
For Lease Contact for pricing
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Deer Valley Plaza

2805-3053 W Agua Fria Fwy, Deer Valley Village, Phoenix, AZ
Property

Retail

60,000 SF
Availability

1 Space

7,638 SF
Year Built

1990
For Lease Contact for pricing
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5017 S. 36th St.

5017 S. 36th St., South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

7,125 SF
For Sale Contact for pricing
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3640 E. Roeser Road

3640 E. Roeser Road phoenix, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

12,000 SF
Availability

1 Space

12,000 SF
For Lease

$1.40/SF/MO
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4625 E Cotton Center Blvd

4625 E Cotton Center Blvd, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

145,744 SF
Availability

1 Space

2,109 SF
Year Built

2000
For Lease Contact for pricing
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3600 S 7th Ave

3600 S 7th Ave, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

8,240 SF
Availability

1 Space

8,240 SF
Year Built

1981
For Lease

$18,500.00/MO
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Class A Office Tower for Lease in Phoenix

Black Canyon Tower, North Mountain Village, Phoenix, AZ
Property

Office

147,731 SF
Availability

1 Space

32,258 SF
Year Built

1987
For Lease

$23.50/SF/YR
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14804 North Cave Creek Road

14804 North Cave Creek Road, Paradise Valley Village, Phoenix, AZ
Property

Office

25,490 SF
For Sale

$5,098,000
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3233 E Van Buren St

3233 E Van Buren St, Central City, Phoenix, AZ
Property

Office

7,500 SF
Availability

1 Space

7,500 SF
Year Built

1947
For Lease Contact for pricing
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1735 W Bell Rd

1735 W Bell Rd, Deer Valley Village, Phoenix, AZ
Property

Office

6,333 SF
Availability

1 Space

6,333 SF
Year Built

1980
For Lease Contact for pricing
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Metro 28

12814 North 28th Drive, North Mountain Village, Phoenix, AZ
Property

Retail

22,621 SF
Availability

1 Space

1,501 SF
Year Built

1972
For Lease

$10.00/SF/YR
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7th Avenue Industrial - Building 3

NEC 7th Avenue & Misty Willow Lane, Deer Valley Village, Phoenix, AZ
Property

Industrial

99,000 SF
Availability

1 Space

99,000 SF
For Lease Contact for pricing
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723 & 743 Grand Ave

723 & 743 Grand Ave, Central City, Phoenix, AZ
Property

Retail

41,500 SF
Availability

4 Spaces

24,250 SF
For Lease

$19.00/SF/YR
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3239 E Indian School Rd

3239 E Indian School Rd, East Phoenix, Phoenix, AZ
Property

Retail

17,428 SF
For Sale

$2,300,000
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4409 E Baseline Rd. Ste 129

4409 E Baseline Rd. Ste 129, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

4,735 SF
Availability

1 Space

4,735 SF
Year Built

2000
For Lease

$16.38/SF/YR
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5611 S 24th Street

5611 S 24th Street, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

9,828 SF
Availability

1 Space

9,828 SF
Year Built

1987
For Lease

$15.00/SF/YR
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1745 W Linden St

1745 W Linden St, Central City, Phoenix, AZ
Property

Industrial

17,823 SF
Availability

1 Space

17,823 SF
Year Built

1968
For Lease

$0.85/SF/MO
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1645 W Happy Valley Rd

1645 W Happy Valley Rd, Deer Valley Village, Phoenix, AZ
Property

Retail

21,780 SF
For Sale Contact for pricing
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3801 North 3rd St

3801 North 3rd St, Encanto Village, Phoenix, AZ
Property

Multi-Family

19,507 SF
For Sale Contact for pricing
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Tatum Professional Plaza

14640 North Tatum Blvd, Paradise Valley Village, Phoenix, AZ
Property

Office

19,678 SF
Availability

5 Spaces

9,513 SF
Year Built

1984
For Lease

$18.00/SF/YR
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16th St & Roosevelt

915 N 16th St, Central City, Phoenix, AZ
Property

Retail

13,115 SF
Availability

2 Spaces

2,500 SF
For Lease

$15.00/SF/YR
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1026 North 1st Street

1026 North 1st Street, Downtown Phoenix, Phoenix, AZ
Property

Retail

359,590 SF
Availability

1 Space

2,876 SF
For Lease Contact for pricing
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32nd St & Greenway Rd PAD

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

Retail

1 SF
For Sale

CALL FOR PRICING
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5601 S 24th St

5601 S 24th St, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

9,820 SF
Availability

1 Space

9,820 SF
For Lease

$1.00/SF/MO
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4647 East Chandler Blvd

4647 East Chandler Blvd, Ahwatukee Foothills, Phoenix, AZ
Property

Retail

20,039 SF
Availability

1 Space

3,870 SF
Year Built

2003
For Lease

$22.00/SF/YR
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NEC of Northern Ave and 12th Street

NEC of Northern Ave and 12th Street, Camelback East, Phoenix, AZ
Property

Retail

3,446 SF
Availability

1 Space

3,446 SF
For Lease Contact for pricing
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1428 E Hammond Ln

1428 E Hammond Ln, South Mountain Highland Terrace, Phoenix, AZ
Property

Industrial

4,320 SF
Year Built

1988
For Sale

$1,125,000/SF
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1976 West Baseline Road

1976 West Baseline Road, South Mountain Highland Terrace, Phoenix, AZ
Property

Retail

20,390 SF
Availability

1 Space

20,390 SF
Year Built

2007
For Lease Contact for pricing
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4216 W Bethany Home Road

4216 W Bethany Home Road, Alhambra, Phoenix, AZ
Property

Retail

100,260 SF
For Sale

$11,250,000
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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 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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