Valley Metro Light Rail connects Downtown, Tempe, and Mesa.
Valley Metro Light Rail connects Downtown, Tempe, and Mesa.
Valley Metro Light Rail connects Downtown, Tempe, and Mesa. Sky Harbor International is a 10-minute drive from Downtown. Most suburban Class A is car-dependent.
**Camelback Corridor** — Valley Metro bus; car-dependent. **Tempe / Town Lake** — Valley Metro Light Rail (Mill Avenue, University, Veterans Way). **Downtown Phoenix** — Valley Metro Light Rail (Roosevelt, Van Buren). **Chandler / Gilbert** — Valley Metro bus; car-dependent. **Scottsdale** — Valley Metro bus; car-dependent.
Commute time has hardened from a soft amenity to a leasing variable. In Phoenix, expect a measurable rent premium for buildings within 5 minutes' walk of a major rail terminus. Run an isochrone map across your actual headcount postcodes before shortlisting buildings — not after.
| 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% |
| trophySubmarket | Camelback Corridor |
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.