Tempe, AZ
Commercial Real Estate Market Trends & Data

$400 per SF Avg asking sale price
$27 per SF Avg asking lease rate
7,516 SF Avg unit lease size
22,417 SF Avg building size for sale
6.08% 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%

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Tempe $458 23,816 SF 8.00%
Paradise Valley $756 6,198 SF 7.20%
Gilbert $397 10,475 SF 7.00%
Chandler $358 32,558 SF 8.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Tempe $583 9,891 SF
Paradise Valley $804 5,644 SF
Gilbert $984 14,809 SF
Chandler $679 11,697 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Tempe $273 37,219 SF 6.47%
Paradise Valley $970 1,886 SF 5.93%
Gilbert $296 26,904 SF 4.94%
Chandler $275 22,961 SF 4.94%
Mesa $208 27,192 SF 4.94%

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

4217 E Cotton Center Blvd

Phoenix, AZ 85040

  • 88,140 SF Office Building
  • $15,640,000
For Sale

Suite 104

Tempe, AZ 85284

  • 1,814 SF Office Building
  • $744,000
For Sale

Warner Village Office Condominiums

Tempe, AZ 85284

  • 4,934 SF Office Building
  • $500,000
For Sale

The Lakes Medical Office with ASC

Tempe, AZ 85282

  • 12,072 SF Office Building
  • $4,499,000
For Sale

Bldg E

Tempe, AZ 85282

  • 6,646 SF Office Building
  • $1,800,000
For Sale

Stabilized Shopping Center 6.92%CAP Low Rent

Mesa, AZ 85202

  • 19,342 SF Retail Building
  • 6.92% Cap Rate
  • $3,650,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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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 $400 22,417 SF
Guadalupe $631 16,403 SF
Paradise Valley $619 5,748 SF
Gilbert $516 16,023 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 Market Trends