Scottsdale is a prime-tier Class A submarket of Phoenix with average asking rent around $40/sqft/yr.
Premium suburban Class A market. · Tier: prime · Avg rent: $40/sqft/yr
Scottsdale anchors Phoenix's premium suburban Class A submarket — financial services, tech, and corporate HQs in mid-rise product along Scottsdale Road and Kierland.
Financial services, tech, corporate HQs, healthcare.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
Valley Metro bus; car-dependent.
Multi-modal transit captures the metro's principal professional catchment.
Scottsdale Fashion Square, Kierland Commons, Old Town.
Scottsdale is one of 5 Class A submarkets we cover in Phoenix, classified as prime tier with an average asking rent around $40/sqft/yr. Compared with the broader Phoenix Class A stock, Scottsdale typically attracts Financial services, tech, corporate HQs, healthcare and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Scottsdale: Camelback Corridor, Tempe / Town Lake, Downtown Phoenix, Chandler / Gilbert. The full Phoenix submarket atlas is at /cities/phoenix.
For an institutional Class A occupier evaluating Scottsdale, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Phoenix Class A leasing and to the prime tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.