Arbor Tempe — Sale in Tempe, AZ

  • Price: $29
  • Listing type: For sale
  • Asset type: Office
  • Location: Tempe, AZ 85281

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Description

Jones Lang LaSalle, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire Arbor Tempe (the “Property”), a five-building mixed-use office campus located on the southwest corner of Mill Avenue and Third Street in the heart of Downtown Tempe, Arizona. Conveniently positioned adjacent to the Mill Ave light rail stop, Arbor Tempe provides exceptional transit connectivity for tenants and visitors alike. Totaling 118,949 square feet, the buildings recently underwent a transformative $28.8 million capital improvement program, delivering a harmonious indoor & outdoor workplace environment with health-conscious design, positioning them as the premier choice for tenants in search of a healthy work life balance, streamlined workspaces, and a best-in-class amenity package. Currently 96.1% leased with 4.0 years of weighted average lease term remaining, Arbor Tempe is an irreplaceable offering that provides investors the opportunity to acquire a trophy mixed-use campus in one of the nation’s top performing submarkets, poised for immediate rental growth and long-term value appreciation.

Market Context

This office in Tempe, AZ is listed for sale at $29. Compare it against other office listings for sale in Tempe, AZ — view the full market.

As of Q2 2026, the Phoenix office market showed a 23.4% vacancy rate, average asking rents near $31.67/SF/yr, and rents up 2.2% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

Is the Phoenix office market tightening or softening?
Vacancy is around 23.4%, with asking rents rising year over year (Q2 2026).

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