Tempe Commercial Real Estate

1125 S Terrace Rd - Entire Building Tempe, AZ  
Aug 03
2,780
sqft
For Sale Retail
2153 E Baseline Rd - Unit 118 Tempe, AZ gray shell unit
Sep 22
1,990
sqft
For Sale Medical

Tempe

Market Report

Number of Listings
Posted in the last 90 days
12
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
1,130

Tempe Rates

Most listings are in the $20's per square foot per year. The Tempe region is seeing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% increase in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Tempe submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Tempe Listing Supply

In the last 90 days, 1187 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the available space in the Tempe are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,210 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1987 and are Class B.

Tempe Community

Market Data

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