2120 S 7th St — Lease in Phoenix, AZ

  • Price: $2.4M
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Phoenix, AZ 85034

Description

BACK ON THE MARKET | ±8,400 SF NEWLY RENOVATED Freestanding Showroom/Warehouse with Frontage on 7th St • ±8,400 SF Freestanding Showroom/Warehouse Building • New office/showroom built out with new A/C unit and duct work • Drop-down ceiling (12’8”) • Two new grade-level loading doors & truckwell loading • Evap cooled warehouse • Clear Height: ±13’5” - ±15’8” • Power: 200 Amps 120/240v Single Phase • Sale Price: $2,370,000

Market Context

This industrial in Phoenix, AZ is listed for lease at $2,370,000. It has been on the market for 197 days. Compare it against other industrial listings for lease in Phoenix, AZ — view the full market.

As of Q1 2026, the Phoenix industrial market showed an 11.9% vacancy rate, average asking rents near $13.08/SF/yr, and rents up 14.4% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

Is the Phoenix industrial market tightening or softening?
Vacancy is around 11.9%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$1.06/SF/mo – $1.44/SF/mo

Mid: $1.25/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Based on comparable properties in similar markets rather than local sales.

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