Commercial Real Estate Market in Peoria, AZ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
178 active listings and 2,391 off-market properties in Peoria, AZ. Commercial property asks $64/SF to buy and $25.12/SF/Yr to lease.
Market Trends
Peoria, AZ spans 186.1 square miles in Maricopa County, Arizona. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Peoria, AZ runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Peoria, AZ runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Peoria, 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 Peoria, 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
- Industrial 32.3%
- Agricultural 30.5%
- Residential 29.8%
- Commercial 1.2%
- Open space 0.4%
- Planned_development 0.1%
- Mixed use 0.1%
- Special 0%
Largest Zones share of zoned land by district
General Agricultural
Planned Community District
Suburban Ranch
Planned Area Development
Lake
Planned Community District (PCD)
PCD) districts where the approved land use table refers to a City underlying Non-Residential Zoning District. b. Maximum Acreage: Self Storage, Indoor and Drive-Up facilities are limited to a maximum five (5) gross acres in size. c. Location Siting Requirements: 1) Vehicular access shall only be from a street classified on the City’s General Plan Circulation…
Market overview
Demographics & Economy
Peoria, AZ has 200,225 residents in 81,032 households. Density runs 1,076 people per square mile. Median household income here is $100,489 and median gross rent $1,932 a month.
200,225
Population
81,032
Households
2.5
Avg Household Size
40
Median Age
36%
College-Educated
93%
High-School Grad
186.1 sq mi
ZIP Area
1,076
Density / Sq Mi
$100,489
Median Household Income
$53,956
Median Earnings
$1,932
Median Rent
$437,891
Median Home Value
Tools
Nearby Markets
Commercial property in Peoria, AZ asks $64/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Peoria?
Commercial property in Peoria, AZ asks an average of $64 per square foot. The 6 most recent recorded sales traded at a median of $143/SF.
How much does it cost to lease commercial space in Peoria?
Asking lease rates in Peoria, AZ average $25.12 per square foot per year.
Where does Realmo's Peoria market data come from?
Realmo compiles Peoria, AZ figures from 6 recent recorded sales, 117 active sale listings, 61 active lease listings, 2,391 tracked off-market properties, the current Peoria zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 117 active for-sale and 61 active for-lease listings in Peoria, 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: 115,158 zoned acres across 35 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
