Listing Agency: CBRE | Phoenix m***@cbre.com Show Phone

Listed By: Mark Gustin Show Phone

Source: Cbre

Added: Mar 25 Changed: Jul 6 Last Checked: Aug 20 at 10:07AM

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Investment Insights

Based on property information with market context.

This commercial real estate property, suitable for office use, offers 23,523 square feet of space. Located on West Elliot Road in Tempe, Arizona, the property is available for rent.

Key Highlights

• Office space available for lease
• Located in Tempe, Arizona

Property Analytics

Property Profile

Current Use

Veeam Software (Bike/Boat/Book/etc) Store Qualcomm Technology Inc Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Law Firm Garden Center Parking Lot & Garage Grocery & Convenience Store Daycare Center

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

$4.35 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

771

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 85284, AZ

18,638

Population

7,589

Households

2.5

Avg Household Size

45

Median Age

69%

College-Educated

98%

High-School Grad

7.8 sq mi

ZIP Area

2,389

Density / Sq Mi

$154,663

Median Household Income

$64,288

Median Earnings

$2,162

Median Rent

$646,300

Median Home Value

Market

Lease Benchmarks for Tempe, AZ

$20.06 /SF/Yr

Avg Asking Price

$1.17–$45 /SF/Yr

Price Range

25,106 SF

Avg Space Size

This space is priced 45% above the average of $20.06 /SF/Yr.

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office space - Office space available for lease in Tempe, Arizona.

Where is this office space located?

The property is located at 303 West Elliot Road Tempe, AZ.

What is the lease rate?

The lease rate is $29 SF/Yr.

What are key features of this property?

This property features: Office space available for lease; Located in Tempe, Arizona