Commercial Real Estate Market in Globe, AZ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
33 active listings and 469 off-market properties in Globe, AZ. Commercial property asks $2/SF to buy and $8.40/SF/Yr to lease.
Market Trends
Globe, AZ spans 549.7 square miles in Gila County, Arizona. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Globe, AZ runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Globe, AZ runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Globe, 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 Globe, 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
- Open space 64%
- Residential 15%
- Commercial 12.4%
- Industrial 8.6%
Largest Zones share of zoned land by district
Open Space
Intermediate Commercial
Transitional Residential
Single Family Residential
Multi Family
Globe, AZ zones 11,614 acres across 11 districts. Commercial zoning covers 12.4% of zoned land, residential 15%, open space 64% and industrial 8.6%. The largest single district is Open Space at 64%. For commercial buyers the practical constraint is that only 21% of land carries a commercial or industrial designation.
Open Space (OS)
The Open Space District (OS) is intended to provide areas of open space to serve as a buffer between incompatible land uses and to create a sense of identity by promoting the green belt concept. OS Districts are also to be utilized to prohibit development in those areas where flood control, topography, soil bearing capacity, or any other physical conditions…
Market overview
Demographics & Economy
Globe, AZ has 12,473 residents in 6,102 households. Density runs 23 people per square mile. Median household income here is $65,933 and median gross rent $934 a month.
12,473
Population
6,102
Households
2
Avg Household Size
44
Median Age
15%
College-Educated
88%
High-School Grad
549.7 sq mi
ZIP Area
23
Density / Sq Mi
$65,933
Median Household Income
$40,979
Median Earnings
$934
Median Rent
$166,400
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Globe?
Commercial property in Globe, AZ asks an average of $2 per square foot. The 5 most recent recorded sales traded at a median of $84/SF.
How much does it cost to lease commercial space in Globe?
Asking lease rates in Globe, AZ average $8.40 per square foot per year.
What zoning applies to commercial property in Globe?
Globe, AZ zones 11,614 acres across 11 districts, of which 12.4% is commercial and 8.6% industrial. The largest single district is Open Space at 64% of zoned land. The Open Space District (OS) is intended to provide areas of open space to serve as a buffer between incompatible land uses and to create a sense of identity by promoting the green belt concept. OS Districts are also to be utilized to prohibit development in those areas where flood control, topography, soil bearing capacity, or any other physical conditions… Residential zoning covers 15% and open space 64%.
Where does Realmo's Globe market data come from?
Realmo compiles Globe, AZ figures from 7 recent recorded sales, 32 active sale listings, 1 active lease listings, 469 tracked off-market properties, the current Globe zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 32 active for-sale and 1 active for-lease listings in Globe, 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: 11,614 zoned acres across 11 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 · How Realmo checks market page data · Report a data issue
