2229-2235 E Magnolia St — Lease in Phoenix, AZ

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Phoenix, AZ 85034

Description

Now Available for Sublease Available square footage 27,830 SF. Lease expires 10/31/2024 Please contact us for further information.

Market Context

This industrial in Phoenix, AZ is listed for lease. Compare it against other industrial listings for lease in Phoenix, AZ — view the full market.

As of Q2 2026, the Phoenix industrial market showed an 11.4% vacancy rate, average asking rents near $13.62/SF/yr, and rents up 2.8% year over year. Source: multiple brokerage reports, Q2 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 11.4%, with asking rents rising year over year (Q2 2026).

Estimated Market Rate

$1.07/SF/mo – $1.45/SF/mo

Mid: $1.26/SF/mo

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

First seen on CREHunt: Oct 11, 2026

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