Compared to the rest of the Phoenix Metropolitan Area market, the Downtown Tempe submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 88 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the listings in the Downtown Tempe are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 470 sqft. Most properties in this market are around 8 stories. Most buildings in this area were built in 1991 and are Class B.
Information is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Tempe residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Tempe.
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