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Downtown Office Space
For Lease
$21 SF/Yr

331 N 1st Ave, Phoenix, AZ 85003

Nicely appointed office space in a walkable downtown Phoenix building near transit and dining.

Space Size8,000 SF
Days on Market66

Property Features for 331 N 1st Ave

General Information

Standard status Active
Size 8,000 SF
Property subtype Retail
Lease Term NNN

Building Details

Building Size 8,000 SF
Year Built 1978

Spaces For Lease

at 331 N 1st Ave Contact us

331 N 1st Ave, Ste 100 $21/SF/Yr

Size
8,000 SF
Term
Negotiable
Contact us
Listing Agency: Commercial Properties Inc Tempe
Listed By: Brandon Koplin · License #SA567178000
Source: Cpiaz
Added: Jul 4 Changed: Sep 6 Last Checked: Sep 6 at 4:51AM

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 Commercial Properties Inc Tempe

Investment Insights

Based on property information with market context.

Nicely appointed office space offered for rent in the heart of downtown Phoenix. The property is presented as an office unit within a walkable building.

The building location is described as close to City Park, a bus terminal, and light rail, with restaurants nearby and access to parking garages.

At approximately 8,000 square feet, this offering is suited for tenants seeking centrally located office space within a connected downtown setting.

Key Highlights

  • Nicely appointed office space in downtown Phoenix
  • Walkable building near City Park
  • Close to bus terminal and light rail

Property Analytics

Current Use

Jhantus Egg Supply Grocery & Convenience Store Michael Wilson Kelly-Architects, ... Architect Barnes Mark Law Firm Wilson James A Law Firm James Sun Park Law Firm

Suggested Use

Top Pick Nail Salon Pet Grooming Service Veterinary Clinic (Bike/Boat/Book/etc) Store Tanning Salon 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
$3.15 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,728
Businesses Nearby

Demographics for 85003, AZ

11,042
Population
6,117
Households
1.8
Avg Household Size
37
Median Age
45%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
5,812
Density / Sq Mi
$56,672
Median Household Income
$55,122
Median Earnings
$1,258
Median Rent
$577,700
Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$17.83 /SF/Yr
Avg Asking Price
$1.16–$47 /SF/Yr
Price Range
7,984 SF
Avg Space Size

This space is priced 18% above the average of $17.83 /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
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Nicely appointed office space in a walkable downtown Phoenix building near transit and dining.
Where is this office units located?
The property is located at 331 N 1st Ave Phoenix, AZ.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: Nicely appointed office space in downtown Phoenix; Walkable building near City Park; Close to bus terminal and light rail
More about this property
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