Commercial Real Estate Market in Mesa, AZ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
1,031 active listings and 12,390 off-market properties in Mesa, AZ. Commercial property asks $68/SF to buy and $16.57/SF/Yr to lease.
Market Trends
Mesa, AZ spans 240.9 square miles in Maricopa County, Arizona. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Mesa, AZ asks $17.06/SF/Yr to lease. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in West region
Retail
Retail vacancy in Mesa, AZ runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Mesa, 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 Mesa, 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
- Civic 52.4%
- Industrial 19.8%
- Mixed use 12.4%
- Commercial 8.7%
- Planned_development 4.5%
- Agricultural 1.6%
- Open space 0.1%
Largest Zones share of zoned land by district
Residential Single Dwelling 6
Light Industrial
Residential Single Dwelling 9
Residential Single Dwelling 7
Residential Multiple Dwelling 4
Residential Single Dwelling 6 (RS-6)
Where the rear lot line of a lot in the RS-7 or RS-6 District directly abuts the right-of-way of an arterial street: i. The minimum lot depth shall be increased by an additional 10 feet; except: ii. Rear lot lines separated from arterial street right-of-way by a dedicated tract of land with a depth of 10 or more feet are excluded from this requirement. 2. Ad…
Market overview
Demographics & Economy
Mesa, AZ has 546,359 residents in 243,132 households. Density runs 2,268 people per square mile. Median household income here is $79,485 and median gross rent $1,551 a month.
546,359
Population
243,132
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
91%
High-School Grad
240.9 sq mi
ZIP Area
2,268
Density / Sq Mi
$79,485
Median Household Income
$45,198
Median Earnings
$1,551
Median Rent
$357,095
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Scottsdale | — | $28.69 |
| Tempe | — | $19.83 |
| Gilbert | — | $28.42 |
Commercial property in Mesa, AZ asks $68/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mesa?
Commercial property in Mesa, AZ asks an average of $68 per square foot. The 5 most recent recorded sales traded at a median of $240/SF.
How much does it cost to lease commercial space in Mesa?
Asking lease rates in Mesa, AZ average $16.57 per square foot per year. Office asks $17.06/SF/Yr as of Q2 26, down from $17.95/SF/Yr in Q1 26.
Where does Realmo's Mesa market data come from?
Realmo compiles Mesa, AZ figures from 7 recent recorded sales, 461 active sale listings, 570 active lease listings, 12,390 tracked off-market properties, the current Mesa zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 461 active for-sale and 570 active for-lease listings in Mesa, 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: 74,909 zoned acres across 45 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
