How many Class A submarkets are in Phoenix?

5, ranging from trophy (Camelback Corridor) down to established and emerging clusters.

Phoenix has 5 distinct Class A submarkets we track, anchored by Camelback Corridor at the trophy tier.

5 submarkets covered.
Trophy tier: Camelback Corridor, Tempe / Town Lake.
Prime tier: Downtown Phoenix, Chandler / Gilbert, Scottsdale.
Established/emerging tier: —.

Phoenix Class A submarkets

Phoenix has 5 distinct Class A submarkets we track, anchored by Camelback Corridor at the trophy tier.

TL;DR

5 submarkets covered.
Trophy tier: Camelback Corridor, Tempe / Town Lake.
Prime tier: Downtown Phoenix, Chandler / Gilbert, Scottsdale.
Established/emerging tier: —.

By tier

**Camelback Corridor** (trophy, ~$42/sqft/yr) — Phoenix's premier suburban trophy spine. **Tempe / Town Lake** (trophy, ~$44/sqft/yr) — Mid-rise Class A frontier on the lake. **Downtown Phoenix** (prime, ~$32/sqft/yr) — Repositioned legacy CBD. **Chandler / Gilbert** (prime, ~$30/sqft/yr) — Suburban tech and semiconductor corridor. **Scottsdale** (prime, ~$40/sqft/yr) — Premium suburban Class A market.

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%
trophyCount	2
primeCount	3

Frequently asked questions

How many Class A submarkets are in Phoenix?: 5, ranging from trophy (Camelback Corridor) down to established and emerging clusters.

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction