2023 Office Space Rent & Sales
- $28.95 2023 Avg. Asking Rent
- 0.23% Y-o-Y Avg. Asking Rent Change
- 14.18% 2023 Office Vacancy Rate
Peoria office price per square foot in 2023 was $28.95 on average. This marked a +0.23% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 14.18% 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
Peoria, AZ Office Asking Rents by Class
Office Spaces for Rent in Arizona
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2023 Office Construction in Peoria, AZ
| Office building | Address | SF | Completed |
|---|---|---|---|
| Plaza Town Center Professional Plaza | 9139 West Thunderbird Road, 85381 | 80,094 | 2006 |
| 14155 N 83rd Ave | 14155 N 83rd Ave, 85381 | 5,053 | 2006 |
| Stonegate Office Park Bldg 3 Suites 117-119 | 14155 N. 83rd Avenue, 85381 | 3,947 | 2006 |
| 9059 W Lake Pleasant Pkwy | 9059 W Lake Pleasant Pkwy, 85382 | 3,637 | 2006 |
| 14050 N 83rd Ave | 14050 N 83rd Ave, 85381 | 45,701 | 2005 |
| 14100 N 83rd Ave | 14100 N 83rd Ave, 85381 | 45,701 | 2005 |
| Greenway Medical & Professional | 15182 North 75th Avenue, 85381 | 37,001 | 2004 |
| 8476 W Thunderbird Rd | 8476 W Thunderbird Rd, 85381 | 12,884 | 2004 |
| 15396 North 83rd Avenue, Building G | 15396 North 83rd Avenue, Building G, 85382 | 6,450 | 2004 |
| Bell American Plaza | 7111-7121 W Bell Rd, 85308 | 23,834 | 2002 |
Worth noting among recent office completions on the Peoria market is Plaza Town Center Professional Plaza, which is currently the largest new office development in the city, at 80,094 square feet.
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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 Peoria 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.