Average Rent for Office Space in Tempe, AZ
Rents for offices in Tempe range between $13.2 and $34.25 per square foot, with the market-wide average currently at $22.08 per square foot according to the latest listing data.
Learn More About Office Spaces for Rent in Tempe, AZ
The Tempe, AZ market currently features 249 distinct office spaces available for lease, totaling approximately 3.9 million square feet.
Local inventory includes subtypes such as General Office with 109 listings, as well as other property types such as Creative Office and Medical Office.
Available office spaces range from 350 square feet to 334,000 square feet, with an average size of 16,125 square feet, accommodating businesses across various growth stages and operational requirements.
Range
Total Square Feet
Share of Total Office
25k to 50k Sq. Ft.
1,283,194
6.13%
50k to 100k Sq. Ft.
4,816,826
22.99%
100k to 500k Sq. Ft.
13,464,509
64.27%
500k to 1M Sq. Ft.
1,384,507
6.61%
Of the office inventory in Tempe, 75 properties were constructed since 2000, typically offering up-to-date amenities.
An additional 95 buildings were developed between 1975 and 2000, while the remaining 7 date prior to 1975.
Tempe, AZ Office Market Breakdown
The office market in Tempe, AZ comprises 130 buildings totaling 20.9 million square feet.
Class A and A+ properties make up 39.82% of the office market in Tempe, while Class B properties total 47.06% of the market and Class C properties take up the remaining 13.12%.
Range
Total Square Feet
Share of Total Office
Class A
10,944,810
52.24%
Class B
8,871,173
42.35%
Class C
1,133,053
5.41%
The market offers substantial flexibility in space configuration, with spaces reaching up to 334,000 square feet and an average square footage of 16,125 across all spaces located here.
Best Neighborhoods for Office Space in Tempe, AZ
Tempe’s neighborhood with the most office spaces is Peterson Park, offering 61 listings currently available.
The neighborhoods with the next largest offerings include Hughes Acres with 51 listings, as well as Rio, which offers a total of 32 listings.
Neighborhood
No. of Listings
Total Sq. Ft.
Peterson Park
61
1,030,641
Hughes Acres
51
1,354,357
Rio
32
731,475
Wood Park
19
200,310
Pepperwood
18
52,475
1145 Vista Del Lago Drive, Hughes Acres, Tempe, AZ