Tempe Sublease

Tempe

Office Space Market Report

Number of Listings (last 90 days)
94
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
2,280
As of: September 30, 2016

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 decreased $1 per sqft per year. That's a 5% decline in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Tempe region 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, 84 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Tempe are subleases, so you will probably have to focus your search on direct office leases. 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 2,100 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1989 and are Class B.

Tempe Community