Tempe, AZ
Commercial Real Estate Market Trends & Data

$376 Avg asking sale price
$103 Avg asking lease rate
9,569 SF Avg unit lease size
24,161 SF Avg building size for sale
6.30% Average cap rate

Tempe's Demographic Profile

Tempe has 78,538 households and a median income of $67,701, providing context for rent absorption and tenant demand across retail and multifamily assets. A +7% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 187,770
# Households 78,538
Median age 32
Median household income $67,701
Avg household size 2.0
Renter-occupied housing units 48,816
5-year population change +7%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Tempe, AZ

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Tempe $412 23,346 SF 8.00%
Paradise Valley $565 6,374 SF 7.20%
Gilbert $400 6,270 SF 7.00%
Chandler $378 32,123 SF 8.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Tempe $300 16,498 SF 5.15%
Mesa $311 33,112 SF 6.47%
Nearby Retail Markets Avg Cost/SF Typical Size
Tempe $580 9,652 SF
Paradise Valley $887 5,252 SF
Gilbert $819 11,567 SF
Chandler $658 12,743 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Tempe $294 31,865 SF 6.47%
Gilbert $296 26,904 SF 4.94%
Chandler $296 27,211 SF 4.94%
Mesa $217 25,151 SF 6.10%

Commercial Properties For Sale in Tempe

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

FOR SALE - Scottsdale Car Dealership - 1 Acre

Scottsdale, AZ 85257

  • 1,180 SF Retail Building
  • $4,200,000
For Sale

1405 N Hayden Rd

Scottsdale, AZ 85257

  • 5,336 SF Retail Building
  • $3,100,000
For Sale

Former Urgent Care Center-Free Standing Build

Tempe, AZ 85284

  • 3,700 SF Office Building
  • 6.91% Cap Rate
  • $1,295,000
For Sale

4207 E Cotton Center Blvd

Phoenix, AZ 85040

  • 24,900 SF Office Building
  • $4,360,000
For Sale

4500 E Cotton Center Blvd

Phoenix, AZ 85040

  • 139,404 SF Office Building
  • $13,665,000
For Sale

Laqua Plaza

Scottsdale, AZ 85257

  • 23,000 SF Office Building
  • 6.31% Cap Rate
  • $125,000 - $155,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

The 3 Most Common Types of Commercial Leases
The 3 Most Common Types of Commercial Leases
Understanding Gross, Net, and Percentage Lease Structures and Their Impact on Your Business
Cash on Cash Return
Cash on Cash Return
Learn How Cash on Cash Return Can Optimize Your Real Estate Investments
Office Space Calculator
Office Space Calculator
Estimate How Much Space Your Team Really Needs
How to Buy a Church Building
How to Buy a Church Building
Learn the essential steps for evaluating, purchasing, and converting religious facilities into profitable investments
Balloon Payment Calculator
Balloon Payment Calculator
Use this calculator to estimate monthly payments, total interest, and the final lump-sum balloon payment for commercial real estate loans.
Types of Commercial Real Estate Investment Properties
Types of Commercial Real Estate Investment Properties
Understanding commercial properties and their investment potential
Raw Land vs. Unimproved Land
Raw Land vs. Unimproved Land
Learn the essential differences between raw and unimproved land to make informed commercial real estate decisions.
Starbucks Real Estate
Starbucks Real Estate
Top Starbucks Real Estate Listings: What Makes These Properties Prime Investments

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Tempe pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Tempe $376 24,161 SF
Guadalupe $332 20,641 SF
Paradise Valley $627 5,984 SF
Gilbert $483 13,339 SF

Regional Demographic Comparison

This comparison places Tempe 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 Tempe or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Tempe 187,770 78,538 32 $67,701 2 48,816 7%
Guadalupe 5,083 1,325 33 $50,727 4 594 6%
Paradise Valley 14,357 5,392 53 $218,050 3 248 10%
Gilbert 281,261 92,548 36 $112,425 3 25,119 8%
Sun Lakes 16,561 9,562 75 $66,470 2 1,082 9%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Tempe, AZ and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Tempe

View All Commercial Real Estate For Sale in Tempe
Is Tempe a good market for a first-time commercial real estate investor?

Tempe 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.

How can this market data help me decide whether to buy commercial property for my business in Tempe?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Tempe. 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.

What should conservative investors focus on when evaluating commercial properties in Tempe?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Tempe. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Tempe compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Tempe. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Tempe acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Tempe, 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.

Nearby Cities
Commercial Market Reports