IDEA Phase III — Lease in Tempe, AZ

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Tempe, AZ 85281

Market Context

This office in Tempe, AZ is listed for lease. Compare it against other office listings for lease 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 space leases 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).

Estimated Market Rate

$2.36/SF/mo – $3.21/SF/mo

Mid: $2.79/SF/mo

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

First seen on CREHunt: Aug 23, 2026

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