Quick reference: Phoenix Class A rent is 34 USD/sqft ($34 USD), typical term 7 years, 12 months free.
Class A rent: 34 USD/sqft/yr ($34 USD).
Typical term: 7 years.
Typical rent-free: 12 months.
Vacancy: 23.4%.
Phoenix Class A office: frequently asked questions
Quick reference: Phoenix Class A rent is 34 USD/sqft ($34 USD), typical term 7 years, 12 months free.
TL;DR
Class A rent: 34 USD/sqft/yr ($34 USD).
Typical term: 7 years.
Typical rent-free: 12 months.
Vacancy: 23.4%.
Quick reference
Use this page as the fast-answer reference for Phoenix. Deep coverage lives on the city page, the topic pages, and the comparison views.
Key facts
city
Phoenix
country
United States
region
Americas
classARentLocal
34 USD/sqft/yr
classARentUsd
$34/sqft/yr
vacancy
23.4%
typicalLeaseYears
7
typicalRentFreeMonths
12
submarkets
5
primeYieldPct
7.2%
Frequently asked questions
What is TSMC's impact on the office market?
Material. TSMC's $65bn fab investment in north Phoenix is anchoring a wave of supplier and engineering demand, plus federal CHIPS Act-tied tenancy. Effects compound through 2030.
How is the suburban trophy tier performing?
Camelback Corridor and Tempe Town Lake trophy product remain tight. Sun Corridor / Chandler / Gilbert mid-rise Class A is more variable.
Is Downtown Phoenix viable for Class A?
Yes — Block 23 and the CityScape cluster anchor a small but improving Downtown trophy tier. ASU Downtown campus underwrites adjacent demand.