Tempe Retail

Tempe

Office Space Market Report

Number of Listings (last 90 days)
69
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,200
As of: March 12, 2017

Tempe Rates

On average, listings lease in the $20's per square foot per year. The Tempe region is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 13% decline 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 undervalued region.

Tempe Listing Supply

In the last 90 days, 69 listings have been listed, so you'll want to check back regularly for new listings. About 13% of the available leases 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,200 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 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