Desert Palms Power Center — Lease in Phoenix, AZ

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

Photos

Desert Palms Power Center — Lease in Phoenix, AZ, photo 1 of 3
Desert Palms Power Center — Lease in Phoenix, AZ, photo 2 of 3
Desert Palms Power Center — Lease in Phoenix, AZ, photo 3 of 3

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. 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).

Estimated Market Rate

$0.99/SF/mo – $1.37/SF/mo

Mid: $1.18/SF/mo

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

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