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Class-A Office Towers
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1200 E Rio Salado Pkwy, Tempe, AZ 85281

Class-A office opportunity within two 21-story towers totaling 640,000 square feet.

Property Size33,000 SF
Days on Market164

Property Features for 1200 E Rio Salado Pkwy

General Information

Standard status Active
Size 33,000 SF
Class A
Property subtype OFFICE

Building Details

Stories 21
Listing Agency: Lee & Associates | Phoenix
Listed By: Bill Blake, SIOR
Source: Moodyscre
Added: Feb 16 Changed: Jul 26 Last Checked: Jul 30 at 12:21PM

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 Lee & Associates | Phoenix

Investment Insights

Based on property information with market context.

South Pier offers a Class-A office setting featuring two landmark towers, each rising to 21 stories, for a total of 640,000 square feet. The property is presented for lease.

Located at 1200 E Rio Salado Pkwy in Tempe, South Pier is positioned next to the Novus Innovation Corridor and just steps from Arizona State University, placing it within a high-activity waterfront destination for work and recreation.

With two prominent tower structures, the campus-style office environment supports a range of workplace configurations within a single, recognizable property.

Key Highlights

  • Class‑A office opportunity within two landmark 21‑story towers
  • Total building size: 640,000 square feet
  • Located in the heart of the Valley’s waterfront destination for living, working, and recreation

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Dental Office Law Firm Carpet & Flooring Store Daycare Center Pharmacy (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

2,295
Businesses Nearby

Demographics for 85281, AZ

69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value

Market

Lease Benchmarks for Tempe, AZ

$31.38 /SF/Yr
Avg Asking Price
$15–$45 /SF/Yr
Price Range
98,863 SF
Avg Space Size

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Class-A office opportunity within two 21-story towers totaling 640,000 square feet.
Where is this office building located?
The property is located at 1200 E Rio Salado Pkwy Tempe, AZ.
What are key features of this property?
This property features: Class‑A office opportunity within two landmark 21‑story towers; Total building size: 640,000 square feet; Located in the heart of the Valley’s waterfront destination for living, working, and recreation
(602) 694-3964 Call to check price and availability
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