Phoenix, Arizona, a city known for its sunny desert climate and rich cultural heritage, is an ideal location for businesses seeking to establish a strong presence in the region. With its diverse economy, excellent infrastructure, and abundance of amenities, Phoenix offers a unique blend of opportunities for companies looking to lease office space. As a hub for industries such as real estate, finance, and healthcare, Phoenix is home to numerous major corporations, including Avnet, Freeport-McMoRan, and PetSmart, making it an attractive destination for businesses seeking to tap into its thriving economy. Additionally, the city's proximity to top-ranked institutions such as Arizona State University and the University of Arizona College of Medicine – Phoenix ensures access to a talented and educated workforce. With its vibrant arts scene, numerous parks and recreation areas, and world-class sporting venues, Phoenix offers a unique quality of life that is hard to find elsewhere.
With 500 office spaces available for lease, Phoenix offers a wide range of options for businesses of all sizes. From modern high-rise buildings in the downtown area to more laid-back, suburban settings, Phoenix has an office space to suit every need. In addition to its office spaces, Phoenix is also home to a variety of other property types, including coworking spaces, flex spaces, medical offices, and retail spaces. For example, coworking spaces like CO+HOOTS and The Permaculture Co-op offer flexible, collaborative work environments, while flex spaces like Liberty Property Trust and Douglas Allred Company provide adaptable, customizable spaces for businesses with unique needs. Medical offices like the Mayo Clinic and St. Joseph's Hospital and Medical Center offer state-of-the-art facilities for healthcare professionals, and retail spaces like Biltmore Fashion Park and Desert Ridge Marketplace provide prime locations for businesses seeking to connect with customers. With its diverse range of property types and thriving economy, Phoenix is an ideal location for businesses seeking to establish a strong presence in the region.
What is the average size of office space for lease in the Phoenix market?
The average size of office space for lease in the Phoenix market is approximately 7,437 square feet, with a total of 500 available listings and an average annual rent of $28 USD per square foot, making it an attractive option for businesses of various sizes.
Are there different types of office space leases available?
In Phoenix, Arizona, there are various types of office space leases available to cater to diverse business needs, including:
- Full-service leases, which typically include utilities, maintenance, and other expenses in the rent;
- Modified gross leases, which combine elements of full-service and net leases;
- Triple net leases, where tenants are responsible for paying property taxes, insurance, and maintenance costs in addition to rent.
With 500 available listings of office space in Phoenix, businesses can find a lease that suits their specific requirements and budget, whether it's a small startup or a large corporation. The average annual rent per square foot is $28 USD, and the average size of available office spaces is 7,437 square feet, with options ranging up to 165,000 square feet.
