Desert Palms Power Center — Lease in Phoenix, AZ

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Phoenix, AZ 85018

Description

For Lease + Anchored by Walmart, Home Depot, Walgreens, Mega Furniture and Dollar Tree + Mega Furniture- 22 stores in the valley + Rush- 4 stores in the valley + Excellent visibility along Thomas Road + Shop space available from ±1,400 SF to ±4,714 SF

Market Context

This retail in Phoenix, AZ is listed for lease. It has been on the market for 195 days. Compare it against other retail listings for lease in Phoenix, AZ — view the full market.

As of Q1 2026, the Phoenix retail market showed a 4.8% vacancy rate, and average asking rents near $19.00/SF/yr. Source: multiple brokerage reports, Q1 2026.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Phoenix retail market tightening or softening?
Vacancy is around 4.8% (Q1 2026).

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