Industrial Average Rent Costs in Tempe, AZ
The average asking rent for industrial space in Tempe is $16.39 per square foot based on our latest listing data.
Rents here range between $13.2 and $19.08 per square foot.
Available Industrial Inventory in Tempe, AZ
There are currently 131 industrial properties listed for lease in Tempe, totaling 2,725,041 square feet.
The average size of an industrial property listed for lease here is 10,284 square feet.
Listed properties range from 264 to 128,105 square feet.
No. of Listings
Total Space (Sq. Ft.)
Average Size (Sq. Ft.)
Space Range (Sq. Ft.)
131
2,725,041
10,284
264 - 128,105
Types of Industrial Properties for Lease in Tempe, AZ
The most common industrial property type currently listed in Tempe is Warehouse/Distribution with 61 currently on PropertyShark.
Space sizes for this property type start at 1,225 square feet, while the maximum size of a space in this category is 128,105 square feet.
The Tempe industrial market is also home to Flex - Industrial 17 listings, which offer space between 1,000 and 74,280 square feet.
There are also 9 Manufacturing spaces here.
Property sizes in this category start at 1,543 square feet, reaching up to 60,000 square feet.
Use Type
No. of Listings
Total Sq.Ft.
Warehouse/Distribution
61
1,248,735
Flex - Industrial
17
139,712
Manufacturing
9
186,947
General Office
5
29,379
Flex - Office
5
33,374
Quality Industrial Space in Tempe, AZ
Tempe currently offers 35 listings for industrial space classed A or A+, totaling 6,128,718 square feet of space. Class A space is the best a market can offer, being located in prime locations with excellent accessibility and state-of-the-art features.
The market also houses 19 listings for Class B space, which can offer competitive prices in conjunction with advantageous characteristics.
Additionally, you can find 6 listings for industrial space listed as Class C, which may trade off some modern amenities in exchange for lower costs.
Industrial Buildings in Tempe, AZ by Completion Year
- Before 1950
2
- 1950 - 2000
265
- After 2000
41
Industrial Space in Tempe, AZ by Completion Year
- Before 1950
91,664 Sq.Ft.
- 1950 - 2000
20,558,304 Sq.Ft.
- After 2000
4,351,936 Sq.Ft.
The data presented in this table was collected based on industrial spaces for rent listed on PropertyShark.com and was last updated on September 10, 2026.
Property Class
Min. Rental Rate
Max. Rental Rate
Class B Industrial Properties
$7.8
$15
Class C Industrial Properties
$1.25
$15.6
Approximately 13% of industrial properties in Tempe were built since the year 2000, generally indicating higher quality amenities and potential for savings in maintenance costs.
Top Neighborhoods for Industrial Space in Tempe, AZ
Peterson Park currently has the most industrial space for lease out of all of Tempe’s neighborhoods with 158 listings, totaling 1,457,198 square feet.
Other neighborhoods in the city for industrial leasing opportunities include:
- Hughes Acres, with a total of 46 listings, adding up to 285,652 square feet.
- Pepperwood, with 30 listings, which total 205,579 square feet.
Neighborhood
No. of Listings
Total Listings Sq. Ft.
Peterson Park
158
1,457,198
Hughes Acres
46
285,652
Pepperwood
30
205,579
Warner Ranch
9
260,125
Tempe Gardens
8
15,864
2405 West University Drive, Peterson Park, Tempe, AZ