Building Details

Building Size 162,318 SF

Year Built 2026

Listing Agency: Cushman & Wakefield | Phoenix Show Phone

Listed By: Greg McMillan Show Phone

Source: Cushmanwakefield

Added: May 21 Changed: Aug 8 Last Checked: May 21 at 2:56PM

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Investment Insights

Based on property information with market context.

Located at 7720 N 16th Street, this commercial real estate offers office spaces for rent. The property is suitable for office buildings. The rental rate is $25.

Key Highlights

• Newly constructed office space (Year Built: 2026).
• Office space available for rent.
• Located at 7720 N 16th Street.

Property Analytics

Property Profile

Current Use

Lobel Financial Financial Advisor Veranda Bistro Cafe & Coffee Shop AECOM Business Management Consultant Tiffany & Bosco Law Firm Michael Mcqueen Pediatrician

Suggested Use

Top Pick Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store HVAC Service

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

$3.75 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,590

Businesses Nearby

Explore this area Business Placement

Demographics for 85020, AZ

34,534

Population

18,231

Households

1.9

Avg Household Size

43

Median Age

43%

College-Educated

90%

High-School Grad

8.8 sq mi

ZIP Area

3,924

Density / Sq Mi

$78,412

Median Household Income

$48,230

Median Earnings

$1,389

Median Rent

$400,800

Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$25.7 /SF/Yr

Avg Asking Price

$11.95–$47 /SF/Yr

Price Range

27,468 SF

Avg Space Size

This space is priced 3% below the average of $25.7 /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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Frequently Asked Questions

What type of property is this?

Office building - Office space for rent at 7720 N 16th Street.

Where is this office building located?

The property is located at 7720 N 16th Street #425 Phoenix, AZ.

What is the lease rate?

The lease rate is $25 SF/Yr.

What are key features of this property?

This property features: Newly constructed office space (Year Built: 2026).; Office space available for rent.; Located at 7720 N 16th Street.