Moving into Phoenix from another Tier 1 market means re-baselining occupancy economics in USD, re-running headcount density against local norms, and translating lease terminology to local conventions.
Moving into Phoenix from another Tier 1 market means re-baselining occupancy economics in USD, re-running headcount density against local norms, and translating lease terminology to local conventions.
Headline Phoenix rent is 34 USD/sqft/yr ($34 USD). Translate your incumbent occupancy cost-per-seat to the same basis using the Occupancy Cost tool. Most cross-border moves underestimate fit-out">fit-out timeline and overestimate density transferability.
Modified-gross structures with operating-expense pass-throughs. 7-10 year terms standard. Free rent of 10-14 months and TI of $80-$110/sqft typical on a 10-year Class A deal. Concession-rich market. Use the Lease Term Translator to map terminology before reading the LOI.
Engage a tenant-rep broker, local counsel, an MEP/AV designer with Phoenix project history, and a project manager who has run a Class A fit-out in this market in the last 24 months.
| 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% |
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.