2023 Office Space Rent & Sales
- $31.99 2023 Avg. Asking Rent
- 3.74% Y-o-Y Avg. Asking Rent Change
- 9.43% 2023 Office Vacancy Rate
Glendale office price per square foot in 2023 was $31.99 on average. This marked a +3.74% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 9.43% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Arizona Class A & A+ Office Space$32.35
- Arizona Class B Office Space$23.61
- Arizona Class C Office Space$27.68
Glendale, AZ Office Asking Rents by Class
2023 Office Vacancy Rates in Glendale
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Glendale | $31.99 | 9.54% |
| Phoenix - Deer Valley | $22.30 | 15.23% |
Office Spaces for Rent in Arizona
Coworking Spaces in Arizona
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2023 Office Construction in Glendale, AZ
- Glendale, AZ Total SF under construction in 2024 45,000
| Office building | Address | SF | Completed |
|---|---|---|---|
| Credit Union West Corporate Center | 10150 W Desert River Blvd, 85307 | 80,000 | 2018 |
| Arrowhead Professional Medical Plaza | 16222 N 59th Ave, 85306 | 40,000 | 2008 |
| 7170 W Camino San Xavier | 7170 W Camino San Xavier, 85308 | 6,845 | 2008 |
| Glendale Northwest | 18185 N. 83rd Avenue, 85308 | 18,221 | 2006 |
| Arrowhead Park Place | 7155 W CAMPO BELLO DRIVE, BUILDING D, SUITE 135, 85308 | 7,950 | 2006 |
| Arrowhead Physicians Plaza | 18699 North 67th Avenue, 85308 | 48,698 | 2004 |
| Paseo Ranch Unit J104 | 6677 West Thunderbird Road, 85306 | 1,857 | 2004 |
| Arrowhead Orchards Medical Center | 6320 West Union Hills Drive, 85308 | 126,780 | 2002 |
| Arrowhead Executive Center | 17235 N 75th Avenue, 85308 | 100,000 | 2000 |
| 18001 N 79th Ave | 18001 N 79th Ave, 85308 | 14,400 | 2000 |
Worth noting among recent office completions on the Glendale market is Credit Union West Corporate Center, which is currently the largest new office development in the city, at 80,000 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Glendale commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.