Commercial Real Estate Market in Surprise, AZ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
326 active listings and 1,804 off-market properties in Surprise, AZ. Commercial property asks $33/SF to buy and $26.00/SF/Yr to lease.
Market Trends
Surprise, AZ spans 100.0 square miles in Maricopa County, Arizona. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Surprise, AZ runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Surprise, AZ runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Surprise, 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 Surprise, 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
- Planned_development 60.2%
- Residential 29.5%
- Civic 4.2%
- Industrial 2.6%
- Commercial 1.6%
- Mixed use 0.4%
Largest Zones share of zoned land by district
Planned Area Development
Rural Residential
Residential Low Density
Residential Medium Density
Heavy Industrial
Market overview
Demographics & Economy
Surprise, AZ has 146,933 residents in 62,292 households. Density runs 1,469 people per square mile. Median household income here is $93,593 and median gross rent $1,977 a month.
146,933
Population
62,292
Households
2.4
Avg Household Size
42
Median Age
31%
College-Educated
94%
High-School Grad
100 sq mi
ZIP Area
1,469
Density / Sq Mi
$93,593
Median Household Income
$48,326
Median Earnings
$1,977
Median Rent
$391,793
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sun City West | — | $22.83 |
| Sun City | — | $19.50 |
Commercial property in Surprise, AZ asks $33/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Surprise?
Commercial property in Surprise, AZ asks an average of $33 per square foot. The 6 most recent recorded sales traded at a median of $241/SF.
How much does it cost to lease commercial space in Surprise?
Asking lease rates in Surprise, AZ average $26.00 per square foot per year.
Where does Realmo's Surprise market data come from?
Realmo compiles Surprise, AZ figures from 7 recent recorded sales, 247 active sale listings, 79 active lease listings, 1,804 tracked off-market properties, the current Surprise zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 247 active for-sale and 79 active for-lease listings in Surprise, 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: 70,668 zoned acres across 19 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
