Commercial Real Estate Market in Gilbert, AZ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
287 active listings and 3,524 off-market properties in Gilbert, AZ. Commercial property asks $113/SF to buy and $28.42/SF/Yr to lease.
Market Trends
Gilbert, AZ spans 71.7 square miles in Maricopa County, Arizona. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Gilbert, AZ runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Gilbert, AZ runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Gilbert, AZ runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Gilbert, AZ runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 71.6%
- Civic 12.3%
- Commercial 9.4%
- Industrial 5.8%
- Mixed use 0.9%
Largest Zones share of zoned land by district
Single Family Residential
Single Family Residential
Public Facility And Institutional
Single Family Residential Detached
Single Family Residential
Gilbert, AZ zones 44,118 acres across 29 districts. Commercial zoning covers 9.4% of zoned land, residential 71.6% and industrial 5.8%. The largest single district is Single Family Residential at 18.5%. For commercial buyers the practical constraint is that only 15.2% of land carries a commercial or industrial designation.
Single Family Residential (SF-7)
Single Family 7 zoning districts are almost exclusively within developer constructed subdivisions or master planned communities. The lots are large enough to accommodate 2 and 3 car garages, courtyards, porches, patios and rear yard accessory structures. The density of this zoning district varies between 2 and 5 dwelling units per acre.
Market overview
Demographics & Economy
Gilbert, AZ has 269,954 residents in 95,547 households. Density runs 3,764 people per square mile. Median household income here is $122,061 and median gross rent $2,091 a month.
269,954
Population
95,547
Households
2.8
Avg Household Size
35
Median Age
47%
College-Educated
97%
High-School Grad
71.7 sq mi
ZIP Area
3,764
Density / Sq Mi
$122,061
Median Household Income
$59,869
Median Earnings
$2,091
Median Rent
$520,971
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Chandler | — | $23.67 |
| Mesa | — | $16.57 |
| Tempe | — | $19.83 |
| Guadalupe | — | — |
Commercial property in Gilbert, AZ asks $113/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gilbert?
Commercial property in Gilbert, AZ asks an average of $113 per square foot. The 7 most recent recorded sales traded at a median of $344/SF.
How much does it cost to lease commercial space in Gilbert?
Asking lease rates in Gilbert, AZ average $28.42 per square foot per year.
What zoning applies to commercial property in Gilbert?
Gilbert, AZ zones 44,118 acres across 29 districts, of which 9.4% is commercial and 5.8% industrial. The largest single district is Single Family Residential at 18.5% of zoned land. Single Family 7 zoning districts are almost exclusively within developer constructed subdivisions or master planned communities. The lots are large enough to accommodate 2 and 3 car garages, courtyards, porches, patios and rear yard accessory structures. The density of this zoning district varies between 2 and 5 dwelling units per acre. Residential zoning covers 71.6% and open space 0%.
Where does Realmo's Gilbert market data come from?
Realmo compiles Gilbert, AZ figures from 7 recent recorded sales, 122 active sale listings, 165 active lease listings, 3,524 tracked off-market properties, the current Gilbert zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 122 active for-sale and 165 active for-lease listings in Gilbert, AZ. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 44,118 zoned acres across 29 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
