Tempe Industrial

Tempe

Office Space Market Report

Number of Listings (last 90 days)
69
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
3,420
As of: August 17, 2017

Tempe Rates

The typical asking rate per listing is in the $20's per square foot per year. The Tempe submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 10% increase in rent.

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

Tempe Listing Supply

In the last 90 days, 69 listings have been made available, so you'll want to check back regularly for new listings. About 88% of the available space in the Tempe are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,420 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 1987 and are Class B.

Tempe Community

Market Report

Trends and status of the commercial real estate market in Tempe.
Market Report

Market Data

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

Tempe Submarkets