Tempe Retail

Tempe

Office Space Market Report

Number of Listings (last 90 days)
142
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,190
As of: January 23, 2017

Tempe Rates

The typical asking rate per listing is in the $20's per square foot per year. The Tempe region is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 13% decline in rent.

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

Tempe Listing Supply

In the last 90 days, 142 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 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 2,190 sqft. Most properties in this region are approximately 2 floors. 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