Invest In Phoenix

https://www.investinphoenix.com/grow-expand/commercial-property-data

Commercial Property Data

Whether you are looking for Class A office space, flex distribution properties, or a retail space for your business, Phoenix has something to offer you. Find information on the commercial market in Phoenix and connect wit h our development experts to help find the right home for your business.

<div class="ExternalClassE8EFBA1067E74EE6B96DD608353D3241"><h1>Finding the Right Space for your Business</h1><p> Phoenix is a growing and increasingly in-demand market. With sunny days and affordable space, businesses are taking advantage of what Phoenix has to offer. Even with it's impressive growth over the last decade, Phoenix continues to build and redevelop spaces for the modern business. Our team can help you find the right location and get information on the local markets and competition in the Phoenix area.<br><br></p></div>

/images/CommercialPropertyBanner.jpg

/images/CPD.jpg

commercial-property-data

Commercial Property Data

Grow ＆ Expand

grow-expand/commercial-property-data

In this section

Office Construction

https://www.investinphoenix.com/Lists/DynamicPageSections/DispForm.aspx?ID=364

Office Construction

Blue

260K

sq ft office space under construction (2023Q1)

Stats

Retail Vacancy

https://www.investinphoenix.com/Lists/DynamicPageSections/DispForm.aspx?ID=365

Retail Vacancy

Green

5.6%

Retail Vacancy in Phoenix (2023Q1)

Stats

Industrial Rent

https://www.investinphoenix.com/Lists/DynamicPageSections/DispForm.aspx?ID=366

Industrial Rent

Yellow

6.6M

sq ft of Industrial space under construction (2023Q1)

Stats

Credit: Sumco

https://www.investinphoenix.com/Lists/DynamicPageSections/DispForm.aspx?ID=367

Credit: Sumco

Build Your Business in Modern Spaces

https://www.investinphoenix.com/Lists/DynamicPageSections/Attachments/367/Edit_4070 SUMCO Main Bldg.jpg

MediaSlider

Main Building of Sumco in North Phoenix

Credit: American Express

https://www.investinphoenix.com/Lists/DynamicPageSections/DispForm.aspx?ID=368

Credit: American Express

Build Your Business in Modern Spaces

https://www.investinphoenix.com/Lists/DynamicPageSections/Attachments/368/Edit_AMEX-WINQUIST-07698-1.jpg

MediaSlider

The American Express office in North Phoenix

Camelback-Biltmore Corridor

https://www.investinphoenix.com/Lists/DynamicPageSections/DispForm.aspx?ID=369

Camelback-Biltmore Corridor

Build Your Business in Modern Spaces

https://www.investinphoenix.com/Lists/DynamicPageSections/Attachments/369/Edit_An Pham_City of Phoenix Image Content_0384.jpg

MediaSlider

Office spaces located on Camelback Rd. in east Phoenix

Camelback-Biltmore Corridor

https://www.investinphoenix.com/Lists/DynamicPageSections/DispForm.aspx?ID=370

Camelback-Biltmore Corridor

Build Your Business in Modern Spaces

https://www.investinphoenix.com/Lists/DynamicPageSections/Attachments/370/Edit_An Pham_City of Phoenix Image Content_A851731.jpg

MediaSlider

The Esplanade, located on Camelback Rd. in east Phoenix

Biltmore Fashion Park

https://www.investinphoenix.com/Lists/DynamicPageSections/DispForm.aspx?ID=371

Biltmore Fashion Park

Build Your Business in Modern Spaces

https://www.investinphoenix.com/Lists/DynamicPageSections/Attachments/371/Edit_An Pham_City of Phoenix Image Content_A851796.jpg

MediaSlider

The Camelback-Biltmore area is home to retail, office, and multifamily spaces to make your lifestyle more comfortable.

Biltmore Fashion Park

https://www.investinphoenix.com/Lists/DynamicPageSections/DispForm.aspx?ID=372

Biltmore Fashion Park

Build Your Business in Modern Spaces

https://www.investinphoenix.com/Lists/DynamicPageSections/Attachments/372/Edit_An Pham_City of Phoenix Image Content_A851803.jpg

MediaSlider

Dine on some of the Valley's best food for lunch, with easy access to a variety of food option in the Camelback-Biltmore corridor.

Credit: Kierland Commons

https://www.investinphoenix.com/Lists/DynamicPageSections/DispForm.aspx?ID=373

Credit: Kierland Commons

Build Your Business in Modern Spaces

https://www.investinphoenix.com/Lists/DynamicPageSections/Attachments/373/Edit_Mission Dusk.jpg

MediaSlider

The Kierland Commons shopping center is located near Scottsdale and boasts premier food and retail to the central and east Phoenix area.

Credit: Visit Phoenix/ An Pham

https://www.investinphoenix.com/Lists/DynamicPageSections/DispForm.aspx?ID=374

Credit: Visit Phoenix/ An Pham

Build Your Business in Modern Spaces

https://www.investinphoenix.com/Lists/DynamicPageSections/Attachments/374/Edit_Visit Phoenix-An Pham.jpg

MediaSlider

Downtown Phoenix has hundreds of office spaces with focus on connectivity and accessibility. Find space for all businesses.

Credit: Visit Phoenix/ An Pham

https://www.investinphoenix.com/Lists/DynamicPageSections/DispForm.aspx?ID=375

Credit: Visit Phoenix/ An Pham

Build Your Business in Modern Spaces

https://www.investinphoenix.com/Lists/DynamicPageSections/Attachments/375/Edit_VisitPhoenix-An Pham.jpg

MediaSlider

South of Downtown is the growing Warehouse District with old buildings revitalized for new uses and modernized for the new century.

Happy Valley Towne Center

https://www.investinphoenix.com/Lists/DynamicPageSections/DispForm.aspx?ID=376

Happy Valley Towne Center

Build Your Business in Modern Spaces

https://www.investinphoenix.com/Lists/DynamicPageSections/Attachments/376/Edit_IMG_3739.jpg

MediaSlider

The fast-growing Deer Valley area is attracting new shops and residents with room for more!

Commercial Property Overview

https://www.investinphoenix.com/Lists/DynamicPageSections/DispForm.aspx?ID=377

Commercial Property Overview

<div class="ExternalClass15069BEC597A47C8B429A2D90440F5D5"><h2>A City of Neighborhoods</h2><p>Phoenix is a city that boasts of <a href="https://www.phoenix.gov/villages" target="_blank"><strong>15 distinct villages</strong></a>, each with its own unique characteristics, developments, and lifestyles. The City of Phoenix is committed to helping you find the perfect space that aligns with your business goals and objectives. With our assistance, you can easily locate the ideal location that will enable you to thrive and grow your business. By taking the time to understand the unique characteristics of each village, you can position your business for success and growth. Our team is ready and willing to support you in your quest for business success.<br><br></p><h2>Contemporary Offices and Competitive Pricing</h2><p></p><p>Phoenix is the place to be! With an average market rent of just $28.53 compared to the national average of $35.22, you can enjoy 19% savings on living costs while thriving in a booming economy. CoStar reports that Phoenix is a highly sought-after market, and it's easy to see why. In 2022, our city recorded a record-breaking 75K jobs, surpassing pre-pandemic levels, making it one of the best-performing markets for employment. </p><p>And that's not all! Phoenix is an attractive destination for international players looking to expand into industries such as advanced manufacturing, bioscience, health care, and retail. Our city offers a highly sspecialized and educated labor pool, business-friendly regulations, and unparalleled support from our local government. It's no wonder companies like Deloitte, Mayo Clinic, USAA, and Allstate have chosen Phoenix to grow. </p><p>So, what are you waiting for? Experience the benefits of doing business in Phoenix and watch your enterprise thrive in an environment designed for success.</p><p><br></p><h2>Connecting with new Consumers</h2><p></p><p>Phoenix is not only a hub for a strong labor market, but it also boasts a thriving consumer market. Thanks to recent property performance improvements, net absorption in 2022 reached a 15-year high, according to CoStar. With a record-low vacancy rate of 5.2% for 2022Q4, it's clear that the Phoenix market is hot, with retailers expanding and building more retail space to meet the demands of the growing population.<br></p><p>As a result, new construction has surged by 35%, and the asking rent has increased by 7.9%, reflecting the tightening market. However, even with these positive developments, CoStar reports that Phoenix's average rent stands at a competitive $22.57 compared to the national average of $24. Plus, with over 75% of retail businesses having fewer than 10 employees, Phoenix is an ideal environment for small businesses to thrive.<br></p><p><br></p><h2>Access State-of-the-Art Infrastructure and Space</h2><p></p><p>As one of the most stable and robust industrial markets in the country, Phoenix offers a wealth of opportunities for businesses to thrive and grow. With its strategic location, businesses can easily access major markets across the country in less than a day, making it a prime destination for logistics and distribution companies.<br></p><p>In addition to its prime location, Phoenix boasts top-notch infrastructure that's well-maintained to help businesses move goods to their final destinations with ease. The city is also experiencing a tech boom, with companies like Carvana, OpenDoor, TSMC, Honeywell, and more choosing to set up shop in the Phoenix area. Major distribution companies like Amazon, ThredUp, Freshly, and Target have also established distribution centers in Phoenix to leverage the city's affordable and reliable network for delivering goods to consumers.<br></p><p>With close proximity to major ports like LA and Long Beach, as well as international land ports like Nogales, Phoenix serves as a critical gateway for sorting and distributing goods. And with a growing number of data centers, electric vehicle makers, and aerospace companies choosing to call Phoenix home, the city is quickly emerging as a leader in these advanced industries.</p><p>To sweeten the deal, Arizona offers tax incentives for advanced industries, making Phoenix an even more attractive destination for businesses looking to set up shop. And with a robust transit network that includes I-10, I-17, Union Pacific, BNSF, Phoenix Sky Harbor International Airport, and Deer Valley Airport, businesses can rest assured that their goods and personnel can move around the city with ease.<br></p><p>Phoenix is a city on the rise. So why wait? Join the many successful businesses that have already set up shop in Phoenix and take advantage of all that this booming market has to offer!<br></p></div>

_self

TextBlock