Tempe Medical Space

Tempe

Market Report

Number of Listings
Posted in the last 90 days
122
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
1,130

Tempe Rates

Most listings are in the $30's per square foot per year. The Tempe submarket is going through a a boost in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 35% increase in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Tempe submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

Tempe Listing Supply

In the last 90 days, 1187 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Tempe are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,130 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1986 and are Class B.

Tempe Community

Market Data

Real time and historical data on commercial real estate listings in Tempe.
Research