Scottsdale, AZ Commercial Real Estate Market Trends & Data
What Are Current Commercial Real Estate Benchmarks in Scottsdale?
Scottsdale commercial properties are averaging $456 per square foot to buy and $30 per square foot to lease, with cap rates near 6.64% across asset types. The data below covers sale prices, lease rates, cap rates, and building sizes by property type to support early-stage market evaluation.
Explore Commercial Properties in Scottsdale
Browse properties currently for sale or lease to see how local market pricing and building sizes translate into real opportunities.
Scottsdale's Demographic Profile
Scottsdale has 135,986 households and a median income of $108,133, providing context for rent absorption and tenant demand across retail and multifamily assets. A 10% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metrics | Value |
|---|---|
| Population | 285,321 |
| # Households | 135,986 |
| Median age | 49 |
| Median household income | $108,133 |
| Avg household size | 2 |
| Renter-occupied housing units | 48,018 |
| 5-year population change | 10% |
Commercial Real Estate Market Snapshot in Scottsdale
Use the benchmarks below to set initial underwriting baselines for Scottsdale, typical deal size, entry costs, and cap rate ranges by asset type before evaluating individual listings.
| Key Market Metrics | Value |
|---|---|
| Avg asking sale price | $456 per SF |
| Avg asking lease rate | $30 per SF |
| Avg unit size for lease | 14,258 SF |
| Avg building size for sale | 17,316 SF |
| Average cap rate | 6.64% |
The 6.64% average cap rate reflects current return expectations relative to Scottsdale pricing and deal scale. Use this alongside asking prices and lease rates to establish initial underwriting assumptions.
Commercial Properties For Sale In Scottsdale
Commercial Market Metrics by Property Type
Office Building Market Metrics Near Scottsdale
Office market metrics highlight how pricing, typical deal size, and return expectations vary across submarkets, helping investors compare entry costs and yield potential efficiently.
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Scottsdale | $426 | 6,170 SF | 7.20% |
| Fountain Hills | $261 | 4,677 SF | 23.64% |
| Cave Creek | $366 | 2,778 SF | 5.00% |
| Mesa | $274 | 12,179 SF | 8.00% |
| Tempe | $281 | 45,884 SF | 8.00% |
Industrial Property Market Metrics Near Scottsdale
Industrial market data shows how cost per square foot and typical building size differ by submarket, supporting comparisons around deal scale and pricing alignment.
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Scottsdale | $317 | 48,861 SF | 6.13% |
| Mesa | $320 | 27,060 SF | 8.92% |
| Tempe | $296 | 20,454 SF | 5.00% |
| Phoenix | $301 | 30,634 SF | 10.35% |
Retail Property Market Metrics Near Scottsdale
Retail pricing varies widely across nearby markets, making this comparison useful for identifying where cost per square foot and deal size diverge most.
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Scottsdale | $495 | 13,992 SF |
| Fountain Hills | $326 | 3,117 SF |
| Cave Creek | $296 | 11,051 SF |
| Mesa | $389 | 30,359 SF |
| Tempe | $413 | 13,042 SF |
Multifamily Property Market Metrics Near Scottsdale
Multifamily metrics show how pricing and building size relate to observed cap rate ranges, helping investors evaluate income potential relative to entry cost.
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Scottsdale | $463 | 22,397 SF | 6.01% |
| Mesa | $374 | 14,369 SF | 8.86% |
| Tempe | $498 | 17,853 SF | 6.47% |
| Phoenix | $340 | 20,968 SF | 10.32% |
How Investors Evaluate Commercial Real Estate Markets in Scottsdale
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Scottsdale pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Scottsdale | $456 | 17,316 SF |
| Fountain Hills | $308 | 3,782 SF |
| Carefree | $360 | 5,202 SF |
| Cave Creek | $331 | 6,256 SF |
| Mesa | $359 | 24,478 SF |
Multifamily For Sale In Scottsdale
Regional Demographic Comparison
This comparison places Scottsdale alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Scottsdale or distributed across surrounding areas.
| City | Population | # Households | Age | MedianHouseholdIncome | AvgHouseholdSize | RenterOccupiedHousingUnits | FiveYrPopGrowthPct |
|---|---|---|---|---|---|---|---|
| Scottsdale | 285,321 | 135,986 | 49 | $108,133 | 2 | 48,018 | 10% |
| Fountain Hills | 28,611 | 13,771 | 62 | $95,884 | 2 | 2,706 | 11% |
| Carefree | 4,090 | 1,972 | 66 | $146,311 | 2 | 227 | 10% |
| Cave Creek | 4,837 | 2,206 | 60 | $96,825 | 2 | 320 | 5% |
| Mesa | 541,569 | 206,466 | 38 | $70,169 | 3 | 76,302 | 8% |
FAQs About Commercial Investing in Scottsdale
Scottsdale offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Scottsdale. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Scottsdale. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Scottsdale. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Scottsdale, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
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