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Coworking Office Space with Underground Parking
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5343 N 16th St, Phoenix, AZ 85016

Underground parking provides direct building access, with an on-site deli patio and fully furnished shared meeting facilities.

Space Size5,220 SF
Days on Market506

Property Features for 5343 N 16th St

General Information

Standard status Active
Size 5,220 SF
Property subtype OFFICE
Lease Type Full Service

Additional Details

Highway Access Yes

Amenities

Underground Parking with Direct Access to Each Building
On-site Deli with Outdoor Patio
Fully Furnished Shared Conference Room
Shared Training Center Equipped with A/V and FF&E

Spaces For Lease

at 5343 N 16th St Contact us

5343 N 16th St $37/SF/Yr

Floor
2
Size
5,220 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE, Now
Sublease
No
- Underground Parking with Direct Access to Each Building - On-site Deli with Outdoor...
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Listing Agency: Newmark | Phoenix
Listed By: Michael P. Garlick
Source: Moodyscre
Added: Apr 23, 2025 Changed: Sep 7 Last Checked: Sep 9 at 3:37PM

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 Newmark | Phoenix

Investment Insights

Based on property information with market context.

This coworking office setup includes underground parking with direct access to each building, along with an on-site deli featuring an outdoor patio. The space is supported by shared amenities, including a fully furnished shared conference room and a shared training center equipped with A/V and FF&E.

Located at 5343 N 16th St in Phoenix, the property is positioned within the most active redevelopment urbanization area in Greater Phoenix. Access is described as excellent to the Piestewa/SR-51 freeway corridor.

Overall, the offering is designed around shared work and collaboration spaces, supported by dedicated meeting and training areas and on-site food service.

Key Highlights

  • Underground parking with direct access to each building
  • On‑site deli with outdoor patio
  • Fully furnished shared conference room

Property Analytics

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Current Use

Transamerica Agency Network Insurance Agency Lipson Neilson Law Firm Solar Flare Marketing Marketing & Advertising Agital Marketing & Advertising SVN | Desert Commercial ... Real Estate Agency

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Garden Center Daycare Center Grocery & Convenience Store Pharmacy

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$5.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,857
Businesses Nearby

Demographics for 85016, AZ

37,326
Population
21,363
Households
1.7
Avg Household Size
38
Median Age
50%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
4,552
Density / Sq Mi
$85,085
Median Household Income
$53,781
Median Earnings
$1,575
Median Rent
$508,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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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Frequently Asked Questions

What type of property is this?
Coworking space - Underground parking provides direct building access, with an on-site deli patio and fully furnished shared meeting facilities.
Where is this coworking space located?
The property is located at 5343 N 16th St Phoenix, AZ.
What is the lease rate?
The lease rate is $37 SF/Yr.
What are key features of this property?
This property features: Underground parking with direct access to each building; On‑site deli with outdoor patio; Fully furnished shared conference room
(602) 952-3825 Call to check price and availability
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