Which is the most prestigious Class A building in Phoenix?

Block 23 is the most-cited trophy benchmark in the Phoenix market.

Phoenix's trophy roster is anchored by Block 23, Esplanade Place, 100 Mill.

Block 23 — Downtown, 2019.
Esplanade Place — Camelback Corridor, 2008.
100 Mill — Tempe, 2022.
Marina Heights (State Farm Campus) — Tempe, 2017.
Hayden Ferry Lakeside — Tempe, 2010.

Phoenix notable Class A buildings

Phoenix's trophy roster is anchored by Block 23, Esplanade Place, 100 Mill.

TL;DR

Block 23 — Downtown, 2019.
Esplanade Place — Camelback Corridor, 2008.
100 Mill — Tempe, 2022.
Marina Heights (State Farm Campus) — Tempe, 2017.
Hayden Ferry Lakeside — Tempe, 2010.

Trophy roster

**Block 23** (Downtown), ~330k sqft, completed 2019. CityScape-adjacent mixed-use trophy with Fry's grocery anchor. **Esplanade Place** (Camelback Corridor), ~560k sqft, completed 2008. **100 Mill** (Tempe), ~280k sqft, completed 2022. Tempe Town Lake trophy. **Marina Heights (State Farm Campus)** (Tempe), ~2100k sqft, completed 2017. State Farm regional HQ — largest office development in Arizona. **Hayden Ferry Lakeside** (Tempe), ~540k sqft, completed 2010.

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%
trophyBuildings	5

Frequently asked questions

Which is the most prestigious Class A building in Phoenix?: Block 23 is the most-cited trophy benchmark in the Phoenix market.

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

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