Downtown Tempe Commercial Real Estate For Lease

Downtown Tempe

Market Report

Number of Listings For Lease
Posted in the last 90 days
19
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
200

Downtown Tempe Commercial Real Estate

Find Downtown Tempe commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Downtown Tempe commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Downtown Tempe Rates

On average, commerial real estate listings lease in the $50's per square foot per year. The Downtown Tempe submarket is seeing a an increase in rates. In the last 3 months, the median rate for lease rose $28 per sqft per year. That's a 88% increase in rent.

Compared to the rest of the Phoenix Metropolitan Area commercial real estate market, the Downtown Tempe region has more expensive rates for rent, and you may have to negotiate above asking rent to be in this hot submarket.

Downtown Tempe Listing Supply

In the last 90 days, 88 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Downtown 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 available, so finding a space for a small business might be tough.

The standard size for office space in this area is around 200 sqft. Most properties in this market are around 5 floors. Most buildings in this area were built approximately 1990 and are Class B.

Downtown Tempe Community

Information is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Tempe residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

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