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Class A Office Space
For Lease
$20.50 SF/Yr

11022-11024 N 28th Dr, Phoenix, AZ 85029

Multi-tenant office property with lake views and retail proximity.

Space SizeContact for details
Days on Market280

Property Features for 11022-11024 N 28th Dr

General Information

Standard status Active
Property subtype Office
Listing Agency: CBRE - Phoenix
Listed By: Philip Wurth, CCIM
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 26 Last Checked: Aug 29 at 6:39AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Phoenix

Investment Insights

Based on property information with market context.

Lake Biltmore Corporate Center is a Class A multi-tenant office property located on-site of the Lake Biltmore Estates. The property, with a size of 19120 square feet, is undergoing a multi-million dollar renovation to update the buildings and grounds. It is ideally situated on-site of the Lake Biltmore Estates, offering lake views and proximity to over a million square feet of retail amenities at the redeveloped Metro Center. The property is available for rent at a rate of $19.

Key Highlights

  • On‑site location within Lake Biltmore Estates.
  • Class A multi‑tenant office property.
  • Multi‑million dollar renovation underway.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Food Market Bakery Catering Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.07 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,397
Businesses Nearby

Demographics for 85029, AZ

47,101
Population
19,723
Households
2.4
Avg Household Size
35
Median Age
22%
College-Educated
82%
High-School Grad
9.4 sq mi
ZIP Area
5,011
Density / Sq Mi
$60,384
Median Household Income
$37,282
Median Earnings
$1,319
Median Rent
$307,800
Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$25.6 /SF/Yr
Avg Asking Price
$2–$47 /SF/Yr
Price Range
28,862 SF
Avg Space Size

This space is priced 20% below the average of $25.6 /SF/Yr.

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019
19.3% 2020
21.7% 2021
24.3% 2022
27.4% 2023
28.5% 2024
26.5% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Multi-tenant office property with lake views and retail proximity.
Where is this office building located?
The property is located at 11022-11024 N 28th Dr Phoenix, AZ.
What is the lease rate?
The lease rate is $20.50 SF/Yr.
What are key features of this property?
This property features: On‑site location within Lake Biltmore Estates.; Class A multi‑tenant office property.; Multi‑million dollar renovation underway.
More about this property
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