Tempe Industrial

Tempe

Office Space Market Report

Number of Listings (last 90 days)
85
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,200
As of: February 23, 2017

Tempe Rates

Most listings are in the $20's per square foot per year. The Tempe submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decline 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 undervalued submarket.

Tempe Listing Supply

In the last 90 days, 93 listings have been listed, so you'll want to check back regularly for new listings. About 11% of the available space in the Tempe are subleases, so you might be able to find a shorter term or below market rent. 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 2,180 sqft. Most buildings in this market are around 2 floors. Most buildings in this region 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