Commercial Real Estate Market in Scottsdale, AZ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
1,188 active listings and 6,778 off-market properties in Scottsdale, AZ. Commercial property asks $84/SF to buy and $28.69/SF/Yr to lease.
Market Trends
Scottsdale, AZ spans 1,033.6 square miles in Maricopa County, Arizona. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Scottsdale, AZ asks $29.45/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 Scottsdale, AZ runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Scottsdale, 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 Scottsdale, 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 72.5%
- Open space 16.2%
- Planned_development 3.9%
- Commercial 3.3%
- Industrial 2.3%
- Mixed use 1%
- Special 0.3%
- Civic 0%
Largest Zones share of zoned land by district
Single Family Residential Environmentally Sensitive Lands
Single Family Residential Environmentally Sensitive Lands
Single Family Residential Environmentally Sensitive Lands
Conservation Open Space Environmentally Sensitive Lands
Hillside Conservation Environmentally Sensitive Lands
Scottsdale, AZ zones 118,396 acres across 249 districts. Commercial zoning covers 3.3% of zoned land, residential 72.5%, open space 16.2% and industrial 2.3%. The largest single district is Single Family Residential Environmentally Sensitive Lands at 11.7%. For commercial buyers the practical constraint is that only 5.5% of land carries a commercial or industrial designation.
Single Family Residential Environmentally Sensitive Lands (R1-43/ESL)
The R1-43 district is intended to promote and preserve residential development. Large lots are required to maintain a low density of population. The principal land use is single-family dwellings and uses incidental or accessory thereto together with required recreational, religious and educational facilities. The ESL District is intended to protect people an…
Market overview
Demographics & Economy
Scottsdale, AZ has 339,193 residents in 186,142 households. Density runs 328 people per square mile. Median household income here is $117,934 and median gross rent $1,959 a month.
339,193
Population
186,142
Households
1.8
Avg Household Size
50
Median Age
60%
College-Educated
97%
High-School Grad
1033.6 sq mi
ZIP Area
328
Density / Sq Mi
$117,934
Median Household Income
$69,757
Median Earnings
$1,959
Median Rent
$775,432
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Tempe | — | $19.83 |
| Mesa | — | $16.57 |
| Paradise Valley | — | — |
Commercial property in Scottsdale, AZ asks $84/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Scottsdale?
Commercial property in Scottsdale, AZ asks an average of $84 per square foot. The 6 most recent recorded sales traded at a median of $349/SF.
How much does it cost to lease commercial space in Scottsdale?
Asking lease rates in Scottsdale, AZ average $28.69 per square foot per year. Office asks $29.45/SF/Yr as of Q2 26, up from $28.36/SF/Yr in Q1 26.
What zoning applies to commercial property in Scottsdale?
Scottsdale, AZ zones 118,396 acres across 249 districts, of which 3.3% is commercial and 2.3% industrial. The largest single district is Single Family Residential Environmentally Sensitive Lands at 11.7% of zoned land. The R1-43 district is intended to promote and preserve residential development. Large lots are required to maintain a low density of population. The principal land use is single-family dwellings and uses incidental or accessory thereto together with required recreational, religious and educational facilities. The ESL District is intended to protect people an… Residential zoning covers 72.5% and open space 16.2%.
Where does Realmo's Scottsdale market data come from?
Realmo compiles Scottsdale, AZ figures from 8 recent recorded sales, 819 active sale listings, 369 active lease listings, 6,778 tracked off-market properties, the current Scottsdale zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 819 active for-sale and 369 active for-lease listings in Scottsdale, 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: 118,396 zoned acres across 249 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
