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Biltmore Office Plaza Executive Suites
For Lease
$20.29 SF/Yr

2942 N 24Th St, Phoenix, AZ 85016

Biltmore Office Plaza

Space Size18,919 SF
Days on Market142

Property Features for 2942 N 24Th St

General Information

Standard status Active
Property type Office Spaces
Size 18,919 SF
Class C
Total Parking Spaces 63
Lease Type Gross
Lease Term 1-2 Years
Rate Type Yearly

Building Details

Year Built 1974
Year Renovated 2019
Buildings 4
Stories 2
Listing Agency:
Listed By: Bob
Added: Apr 10

Investment Insights

Based on property information with market context.

Biltmore Office Plaza, situated in mid-town Phoenix, Arizona, offers professional office spaces with a prestigious business address. This newly renovated, secure garden-style office building features a well-manicured central courtyard. Recent capital improvements exceeding $300,000 include new AC throughout, interior and exterior paint, and new carpet in each space. The property provides broadband internet, free parking, convenient freeway and airport access, uniquely designed floor plans, and covered parking. An on-site management office is available, along with conference rooms and executive suites or virtual offices to meet temporary office needs. Flexible lease terms are offered to fit various company requirements, with utilities included in each lease. Biltmore Office Plaza, located in the heart of the Valley of the Sun, presents a remarkable Phoenix office space value. The property has a size of 18919 PropertySizeUnits.

Property Analytics

Current Use

Commission Express of Phoenix Real Estate Agency Meade Electric Co. Electrical Service Shipley and Sons General Contractor Phoenix Embroidered Polo ... Production Facility Magical Marketing Solution Advertising Agency

Suggested Use

Top Pick Building Supply Hair Salon Nail Salon Kitchen & Bath Showroom Parking Lot & Garage (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
$3.04 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,124
Businesses Nearby
Balanced
Demand for This Use

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

Market

Lease Benchmarks for Phoenix, AZ

$21.29 /SF/Yr
Avg Asking Price
$1.16–$49 /SF/Yr
Price Range
14,925 SF
Avg Space Size

This space is priced 5% below the average of $21.29 /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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Office space - Biltmore Office Plaza
Where is this office space located?
The property is located at 2942 N 24Th St Phoenix, AZ.
What is the lease rate?
The lease rate is $20.29 SF/Yr.
More about this property
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